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Unformatted text preview: possible to create a preference variable for labor or leisure, this paper will attempt to create that variable, while discussing the some of the topics listed above. Labor Supply- the average weekly hours worked in a month, with 0 defined as nonworking, 1-35 defined as part time, and 35+ defined as full time. Look at who is on welfare-break it down Of those on welfare- who works & who doesn’t do they have kids, education level, age, race, gender Variables used to account for individual characteristics: Education Age # of children Race Gender Generate labor force participation variable...
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This note was uploaded on 03/08/2011 for the course ECON 304 taught by Professor Eyler during the Spring '07 term at Sonoma.
- Spring '07