are106-homework5-key

# are106-homework5-key - ARE 106 HW 5 AK 1 Cross 5~n 2-J'b...

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ARE 106 HW 5 AK 1. Cross 5~n . J U =- Jo, % - 0, o{, nfl/llf - I, 7S tc -~ Ii,l,,,,<. --0, I , h S"'" l 2. ~ (, (2.41/) (-'.~~,) . (-J,'b) (J.5 1 ) A t,017, ()\rJVlV 1- (J.)-~t-(YIvfW 71. 1- ~ f~ ') iAn W { (J () 2..,; Ollo¥' cr;' 1.17 (oK1) c~ ,...- ) ll.t( Il 3. The sign on unemployment is counterintuitive. As unemployment increases, so should the demand for aid. Income looks good, so does high school education. College is counterintuitive: as the % of college educated folks increases, the percentage of people on aid should decrease. The coefficients on young mothers and unwed mothers, both of whom are likely to have low incomes, look good. 4. Income is measured in dollars and afdc is measured as a percentage. 50 the coefficient on income is %/\$. The predicted percentage decrease for a one dollar increase in income is 0.00017%, so a \$1,000 increase income is expected to decrease afdc by 0.17%. 5. A

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## This note was uploaded on 05/18/2010 for the course ARE ARE106 taught by Professor Constantine during the Winter '09 term at UC Davis.

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are106-homework5-key - ARE 106 HW 5 AK 1 Cross 5~n 2-J'b...

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