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stock_watson_ch5_problems_fall11

# stock_watson_ch5_problems_fall11 - the same for these two...

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Stock and Watson Chapter 5 Problems Example 1 = 23.851 -3.152 × Female i n = 428 (0.657) (1.007) The dummy Female equals 1 for females and 0 for males. Robust standard errors appear in parentheses. What are average hourly earnings for women in the sample? What are average hourly earnings for men in the sample? Do you reject the null that average hourly earnings are the same for these two groups in the population against the two-sided alternative at the 5% level? Example 2 = 16.395 -0.090 × Female i n = 337 (0.614) (0.818) The dummy Female equals 1 for females and 0 for males. Robust standard errors appear in parentheses. What are average hourly earnings for women in the sample? What are average hourly earnings for men in the sample? Do you reject the null that average hourly earnings are

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Unformatted text preview: the same for these two groups in the population against the two-sided alternative at the 5% level? Example 3 = 14.883 + 7.103 × CollegeDegree i n = 4,673 (0.164) (0.257) The dummy CollegeDegree equals 1 for college graduates and 0 for high school graduates. The sample consists of full-time male workers aged 25-34 whose highest level of educational attainment is either a high school degree or a college degree. Robust standard errors appear in parentheses. What are average hourly earnings for college graduates in the sample? What are average hourly earnings for high school graduates in the sample? Do you reject the null that average hourly earnings are the same for these two groups in the population against the two-sided alternative at the 5% level?...
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stock_watson_ch5_problems_fall11 - the same for these two...

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