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Q2 by how much would the average wage in the

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Unformatted text preview: ith one more year of education), by how much does average wage in the new population di¤er from average wage in the old population? Melissa Tartari (Yale) Econometrics 17 / 93 Identi…cation: an Example - part II Consider the following 3 questions: Q.1: by how much would the wage of persons i change if her education was increased by one year? Q.2: by how much would the average wage in the population change if the education of each persons was increased by one year? Q.3: suppose that each individual in the current population is replaced with an individual with one more year of education (chosen at random among those with one more year of education), by how much does average wage in the new population di¤er from average wage in the old population? We answer the above questions within two scenarios: Melissa Tartari (Yale) Econometrics 17 / 93 Identi…cation: an Example - part II Consider the following 3 questions: Q.1: by how much would the wage of persons i change if her education was increased by one year? Q.2: by how much would the average wage in the population change if the education of each persons was increased by one year? Q.3: suppose that each individual in the current population is replaced with an individual with one more year of education (chosen at random among those with one more year of education), by how much does average wage in the new population di¤er from average wage in the old population? We answer the above questions within two scenarios: ZCMA does not hold Melissa Tartari (Yale) Econometrics 17 / 93 Identi…cation: an Example - part II Consider the following 3 questions: Q.1: by how much would the wage of persons i change if her education was increased by one year? Q.2: by how much would the average wage in the population change if the education of each persons was increased by one year? Q.3: suppose that each individual in the current population is replaced with an individual with one more year of education (chosen at random among those with one more year of education), by how much does average wage in the new population di¤er from average wage in the old population? We answe...
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