Estimating womens labor supply, Macroeconomics

1.    Estimating Women's Labor Supply

a.    The following regression was run for an estimate of the current women's labor supply curve:

Where

hi = hours of labor supplied by female worker i (with mean = 32)

w = wage earned by female worker i (with mean = 13)

Vi = non-labor income by female worker i (with mean = 50)

Zi = other control variables.

The coefficients were estimated to be b = 1.05, g = -0.4, and h = 0.004. What is the elasticity of the substitution-effect?

b.    Using the values in (d), what is the elasticity of the supply curve for women?

c.    What does this elasticity mean?

d.    Is this elasticity giving an relatively elastic or inelastic supply curve?

2.    Question on Children, Fertility, and Labor Supply

a.    Graph an increase in the price of children when children are an inferior good.

101_Estimating Womens Labor Supply.png

b.    Did Malthus propose that children are normal or inferior goods?

c.    Graph an increase in the price of children when children are a normal good.

d.    Does the empirical evidence provided (from both "Wage-based" and "Income-based" measures) suggest that children are normal goods or inferior goods? Why or why not?

Posted Date: 2/23/2013 4:58:36 AM | Location : United States







Related Discussions:- Estimating womens labor supply, Assignment Help, Ask Question on Estimating womens labor supply, Get Answer, Expert's Help, Estimating womens labor supply Discussions

Write discussion on Estimating womens labor supply
Your posts are moderated
Related Questions
Differences between absolute advantage and comparative advantage?              Ans) Absolute benefit and comparative benefit are two basic concepts to international trade. Under

using a graph of the classical labour market, illustrate the effects of a real wage existing in the market that is lower than the equilibruim real wage.what will eventually happen

Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?

In general, who will benefit as the result of a tariff? Domestic Producers Domestic Consumers The domestic government a. I only b. II only c. both I and III d.

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

Bayer Schering Pharma AG, Germany owns the Alka-Seltzer, which was launched in 1931 and was meant for relief of minor aches, pains, inflammation, fever, headache, heartburn, sour s

Define the monopoly of Central banks The central bank has a monopoly on issuing currency, it is in complete control of the monetary base. In section 7.4.2 we will describe exac

A friend says that the economy will produce inside the PPF curve (like pt E below) since we in the economy value saving, or for some other reason. You say this is incorrect. Why? U

Question : The long-run position of an economy is described by the quantity theory of money: M/P = L (Y, r) Where M: nominal money stock; P: price level; Y: real income a

definition and charactoristics of index numbers.problems while constructing index numbers