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

In order to encourage you to take interests in the current affairs in business, and have more concerns about the real world problems (which is what economics is about), you are req

the central economic problem facing the group of survivors

DEMOGRAPHIC FEATURES IN DEVELOPMENT: We have learned in the previous unit that human resources play a significant role in generating aggregate flow of goods and services. The

developing countries benefit through international trade from developed countries

Suppose the annual demand function for the Honda Accord is Qd = 430 - 10 PA + 10 PC - 10 PG where PA and PC are the prices of the Accord and the Toyota Camry respectively (in thous


with reference to incidence of taxation, explain with the help of a diagrams, who bears the incidence of taxation when the demand for a commodity is (i)perfectly inelastic (ii) uni

Q. Money market with inflation and constant money supply growth? If π M = π and π e = π, both IS- and LM-curve will be fixed.  Figure: The money market with inflatio

Q. Central bank overnight interest rate? Overnight interest rate is a significant interest rate for a central bank and it has methods of influencing this rate. In most nations,