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?

 

Posted Date: 5/6/2013 3:23:21 AM | Location : United States

Ask an Expert

Related Discussions:- Estimate all of the parameters in the saving equation, Assignment Help, Ask Question on Estimate all of the parameters in the saving equation, Get Answer, Expert's Help, Estimate all of the parameters in the saving equation Discussions

Write discussion on Estimate all of the parameters in the saving equation
Your posts are moderated

Write your message here..

Related Questions

Pp curve, how does pp curve solve the problem of how to produce, what yo pr... how does pp curve solve the problem of how to produce, what yo produce, and when to produce?

Elementary theory of price formation: demand-supply analysis, ELEMENTARY TH... ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con

Determine the profit maximizing price and quantity, Determine the profit ma... Determine the profit maximizing price and quantity A firm has segmented its market into the following demand functions: P1 = 500 – 50Q     P2 = 500 – 20Q     with a cost fu

S block elements, electronic configuration of s block elements electronic configuration of s block elements

Bandwagon effect - network externalities, The Bandwagon Effect - This i... The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an

Describe customer-firm relationship, Question 1: "The rush of new and e... Question 1: "The rush of new and existing enterprises to exploit the opportunities presented by the internet economy is giving rise to new business models". Discuss. Ques

Total cost and marginal cost, if tc is 200 what will be marginal cost? if tc is 200 what will be marginal cost?

COMPENSATION PRINCIPLE, DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICK... DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS

1, 1 1

Perform an economic feasibility study, Question: You are required to pe... Question: You are required to perform an economic feasibility study for a project involving the setting up of an information system in a company. The table below summarises th