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Unformatted text preview: Problem Set 2 Demog/Econ 175 Professor Ronald Lee February 3, 2009 Due: February 19, 2009 by 2:10 p.m. 1 Questions about this problem set Please post your questions on bSpace forums: go to ”Forums” - > ”Problem sets” - > ”Problem set 2”. Click on ”Post new thread” to write your question, together with the ”title” of the question. Once you are done writing your message, click on ”Post Message”. If you see someone asking a question that you have encountered and solved, then feel free to post a response. However, please do not give out answers to the problem set on the forum. If you encounter any problem, please send an email with your question to [email protected] 2 Demographic Facts For the past few years, news about Iraq has dominated the front pages of the newspapers. Yet a poll taken in 2006 showed that most young Americans do not know where Iraq is 1 . For this problem set, let’s learn some demographic facts about Iraq and compare them to those of the U.S.. Use online or paper sources to provide the following information for the most recent year that you can find (you should be able to find data from 2000 on). Please include the data source you used in your answers. Most reported measures of mortality and fertility are period measures, not cohort. We expect you to find only the period measures here. 1. Crude death rate for U.S. and Iraq. 2. Sex specific life expectancy at birth (e0) for U.S. and Iraq (4 values). 1 CBS News. ”Where’s Iraq? Young Adults Don’t Know: Study Finds Americans 18-24 Remarkably Uninformed About Geography, May 2, 2006. http://www.cbsnews.com/stories/2006/05/02/national/main1571756.shtml. Accessed February 1, 2009. 1 3. Period total fertility rate for U.S. and Iraq. Here are a few good data sources: • CIA World Factbook https://www.cia.gov/library/publications/the-world-factbook/index.html • WHO Statistical Information System http://www.who.int/whosis/en/ • US Census Bureau International Database http://www.census.gov/ipc/www/idb/ 3 Concepts 1. What is the difference between cohort total fertility rate and period total fertility rate? 2. Consider the standard model of women’s labor supply decision discussed in lecture. Let Y=family income not from wife’s work w=wife’s potential wage T=total discretionary time for wife L=wife’s leisure or home production time C=family’s consumption (a) Provide a formula for the wife’s labor income. (b) Provide a formula for the household’s budget constraint keeping in mind that by assumption, consumption must equal total household income. (c) Draw a diagram of the budget constraint with total family income, which is equal to consumption, on the vertical axis and wife’s leisure or home production time on the horizontal axis. Mark the point T on the horizontal axis and the point Y on the vertical axis (assume Y > 0)....
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- Spring '08
- Economics, labor force