Homework4 - Homework # 4 ECO 7427 Prof. Sarah Hamersma Due...

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1 Homework # 4 ECO 7427 Prof. Sarah Hamersma Due Wednesday, March 16 (in class) 1. Use DataFerrett to view the variables available from the 1990 U.S. Census. The data set is called “Decennial Public Use Microdata Samples” or PUMS. Use the 1% Person sampl e. Download a limited set of information for each person: age, hours usually worked per week last year, and wage and salary income last year. (a) Get the data into Stata format and report the summary statistics for the variables you decided to download (this is all you should submit for part (a)). Please do (b) - (d) below for each of the following three variables: (1) age (2) hours usually worked per week last year (3) wage and salary income last year. For the last two, leave out people who did not work and/or did not earn any income last year (you do not need to drop them from the data just restrict your commands to positive values using an “if” statem ent at the end of each command - see Stata help for details). In the commands below, I will refer to the variable as X. You should save each graph you generate (do this in your do-file directly it will be much more efficient than separately saving each graph as it pops up). You can then open the graphs later and paste them into a Microsoft Word document, along with any other tables out of your Stata log files, so that you can give me a single document with your answers typed in between. (b) Generate a histogram of variable X, using Stata’s default (i.e. do not indicate a particular bin size or width). Does this do a reasonable job of displaying the distribution? If there seem to be strange or interesting patterns, describe them and indicate any reason you think they may be there. (c) Report the mean and standard deviation of X (again, not including the zeros if there are any). Do these do a good job of summarizing the distribution of the data? (d) Estimate the distribution of X using a kernel density estimator (kdensity; see Stata help for details). Allow Stata to choose your default kernel and bandwidth (which they refer to as a window- width). Does this kernel estimator with the default bandwidth seem to do a nice job of smoothing
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Homework4 - Homework # 4 ECO 7427 Prof. Sarah Hamersma Due...

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