The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
Hi all. Is anyone have the STATA result for William Greene – Econometric Analysis 8th. Chapter 6, Application for 1 and 3.
Example.
In application 1 in chapter 3 and application 1 in chapter 5, we examined Koop and tobias’s data on wages, education, ability, and so on. We continue the analysis here. (the source, location and configuration of the data are given in the earlier application.) We consider the model
ln Wage = b1 + b2 Educ + b3 Ability + b4 Experience
+ b5 Mother’s education + b6 Father’s education + b7 Broken home + b8 Siblings + e.
Col = 1 if Educ 7 12 and Educ … 16, 0 otherwise
Grad = 1 if Educ 7 16, 0 otherwise.
replace Educ in the model with (Col, Grad), making high school (HS) the base category, and recompute the model. report all results. how do the results change? Based on your results, what is the marginal value of a college degree? What is the marginal impact on ln Wage of a graduate degree?
c. the aggregation in part b actually loses quite a bit of information. another way to introduce nonlinearity in education is through the function itself. add Educ2 to the equation in part a and recompute the model. again, report all results. What changes are suggested? test the hypothesis that the quadratic term in the equation is not needed—that is, that its coefficient is zero. Based on your results, sketch a profile of log wages as a function of education.
d. onemightsuspectthatthevalueofeducationisenhancedbygreaterability.We could examine this effect by introducing an interaction of the two variables in the equation. add the variable
Educ_Ability = Educ * Ability
to the base model in part a. now, what is the marginal value of an additional year of education? the sample mean value of ability is 0.052374. compute a confidence interval for the marginal impact on ln Wage of an additional year of education for a person of average ability.
e. combine the models in c and d. add both Educ2 and Educ_Ability to the base model in part a and reestimate. as before, report all results and describe your findings. if we define low ability as less than the mean and high ability as greater than the mean, the sample averages are -0.798563 for the 7,864 low-ability individuals in the sample and + 0.717891 for the 10,055 high-ability individuals in the sample. using the formulation in part c, with this new functional form, sketch, describe, and compare the log wage profiles for low- and high-ability individuals.
in solow’s classic (1957) study of technical change in the u.s. economy, he suggests the following aggregate production function: q(t) = A(t) f [k(t)], where q(t) is aggregate output per work hour, k(t) is the aggregate capital labor ratio, and A(t) is the technology index. solow considered four static models,
q/A = a + b ln k, q/A = a – b/k, ln(q/A) = a + b ln k,andln(q/A) = a + b/k. solow’s data for the years 1909 to 1949 are listed in appendix table F6.4.
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more