ps3-1 - Introduction to Econometrics, Prof. Onatski Problem...

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Introduction to Econometrics, Prof. Onatski Problem Set 3. Due in class on October 7 Problem 1. Do problem 4.2 on page 137 of the textbook. Problem 2. Do problem 4.5 on page 138 of the textbook. Problem 3. Do problem 4.8 on page 138 of the textbook. Problem 4. Do problem 4.10 on page 138 of the textbook. Problem 5 . Do problem 4.12 on page 140 of the textbook. Problem 6 . Do problem E4.1 on page 140 of the textbook. Problem 7. In “An Economic Theory of Suicide,” published in the Journal of Political Economy , Jan/Feb. 1974, Hamermesh and Soss state, “When un- employment rises, individuals’ expectations of future incomes (and utilities) are revised downward. Holding real income of the employed constant, an increased number of people will believe future prospects to have diminished and will com- mit suicide.” As a crude test of their hypothesis, we can estimate the equation s t = a + bU t + ε t , where s t is the number of suicides per 100,000 population in
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This note was uploaded on 12/20/2009 for the course ECON 1300 taught by Professor Natski during the Fall '09 term at Columbia.

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