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
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?

Which of the following is a result of an export subsidy? a. The imposing nation always benefits from an export subsidy. b. The imposing nation suffers a terms of trade loss from an

Explain why anti-trust legislation supports a perfectly competitive market. Give at least one specific example of legislation to justify your explanation.

The data is posted on Blackboard. Download the data lfs4.dta on your personal computer. This data is from the Labour Force Survey 2003. In STATA, add enough memory to open the data

in the keynesian cross assume that the consumption function is given by c=200+0.75(y-t). given planned investment is 100, government purchases and taxes are both 100. then what i

Capitalism is the dominant, most used form of government there is in the globe today. Presently, over 80% of countries use capitalism and a free market economy.

What are the different stages of analysis in planning activities?

In a sample of 80 people who have had strokes, the average cholesterol level was 250 with a standard deviation of 70. In order to test the hypothesis (at the 5% level of significan

Process to control inflation rate The belief that control of inflation must be the primary economic objective of government can be traced back to neo-liberal revolution that st

Can growth arise without development? Growth is just one feature of development and therefore is an essential but not enough condition for economic development. For example, g