ECO 361 Sample spring term test with answers
January 31, 2010
1. In terms of their labour market (earnings) outcomes, new immigrants to Canada, or to Albonia, are subject to an "entry effect" and "rate of assimilation". (a) Show graphically what is meant
ECO 361 Sample spring term test
January 27, 2010
1. In terms of their labour market (earnings) outcomes, new immigrants to Canada, or to Albonia, are subject to an "entry effect" and "rate of assimilation". (a) Show graphically what is meant by an entry e
Here is a list of material covered in the review session: 1. Regression, interpreting and signing regression coefficients, and regression bias. Suppose I run a regression of ln earnings on age, age squared and education (educ) using data on 1000 individu
Assignment #4
ECO 361 Y5Y April 2, 2010
Retirement Pattern in a Life Cycle Optimization Framework People tend to be rational and make decisions about their consumption over their lifetime. The decisions about their consumption are based on their earning p
1. Elasticity of labour demand (a) Is a firm's demand for labour likely to be more elastic in the short run or the long run? In one sentence explain why. (b) Is labour demand likely to be more elastic in the long run if labour makes up 25% of 50% of a fir
ECO361 Assignment 3, Due: Monday, March. 8, 2010
Posted: Sunday, Feb. 7, 2009
1. (40 points) Suppose we have a cross-section of firm-level data from firms across a group of industries that we expect to hire mainly from the same pool of labour. We posit th
Chapters 2,3,4,9,15,16,18 plus material on regression analysis and the Oaxaca decomposition in Chapter 12, p. 364-375, and lecture notes on Blundell and MaCurdy Chapter 3
Two things came up today that should be clarified: 1) Things you do not need to stud
Question 1 (a) Note: positive effect = increase in variable results in increase in ln Y and vice versa negative effect = increase in variable results in decrease in ln Y and vice versa 0 +ive since the wage cannot be negative so the intercept would start