Econ 339 Fall 2009 Problem Set 1

Econ 339 Fall 2009 Problem Set 1 - Econ 339 Fall Quarter...

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Econ 339 Fall Quarter 2009 Problem Set 1 Due Date: 10/8/2009 Solve the following Problems. Show your work. 1. Book Problems (p. 66): 2-1 2. Read chapter one in the book and answer the following questions: a. Why do we need theoretical models? b. Why is it (usually) easier to answer positive rather than normative questions? Give an example. 3. Read the Juhn/Potter Article posted on Blackboard and answer the following questions: a. Why do the authors think that women’s labor force participation will not increase further? b. What, in the authors’ opinion, lead to the decrease in labor force participation of prime-aged males 4. In class we discussed various factors that determine a person’s labor market success. a. Create a Top-5 list of factors that we have reasonable control over. b. Create a Top-5 list of factors we have little control over. c. Are the two lists independent? 5. Explain the major difference between experimental and observational data. Design an experiment that
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This note was uploaded on 11/17/2009 for the course ECON 339 taught by Professor Habermalz during the Spring '09 term at Northwestern.

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