Estimate all of the parameters in the saving equation, Microeconomics

Assignment Help:

Consider a family saving function for the population of all families in the United States:

sav = β0 + β1inc + β2hhsize + β3educ + β4age + u

where hhsize is household size, educ is years of education of the household head, and age is the the age of the household head. Suppose our sample includes only married couples without children. Can we estimate all of the parameters in the saving equation? Which ones can we estimate?

 


Related Discussions:- Estimate all of the parameters in the saving equation

Returns to scale, describe returns to scale and give examples of each.

describe returns to scale and give examples of each.

Marginal Revenue, How do you calculate marginal revenue, and monopolistic p...

How do you calculate marginal revenue, and monopolistic profit?

Stoichioemtry and moles, How would you convert from moles of iron(III) oxid...

How would you convert from moles of iron(III) oxide to moles of carbon monoxide?

#monopoly, Write a 1-2 page summary on markey failure

Write a 1-2 page summary on markey failure

Economics Question about Financial Crisis, Hello there! I am currently doin...

Hello there! I am currently doing an MBA course about the financial crisis which is quite challenging. Today we were given a question about the topic: Long term capital management

Explain fiscal policy, Fiscal Policy Fiscal policy refers to the manage...

Fiscal Policy Fiscal policy refers to the management of government spending and tax policies to influence total desired spending so as to achieve the desired level of economic

Definition, the definition of exceptional supply curve

the definition of exceptional supply curve

Define the production terminology in short, Define the production terminolo...

Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd