Create a set of indicator variables

Assignment Help Econometrics

Reference no: EM131257065

Consider the dataset in section 2.4. The er32049 variable is the last known marital status. Rename this variable as marstatus, give the variable the label "marital status", and tabulate marstatus. From the codebook, marital status is married

(1), never married

(2), widowed

(3), divorced or annulment

(4), separated

(5), not answered or do not know

(8), and no marital history collected

(9). Set marstatus to missing where appropriate. Use label define and label values to provide descriptions for the remaining categories, and tabulate marstatus. Create a binary indicator variable equal to 1 if the last known marital status is married, and equal to 0 otherwise, with appropriate handling of any missing data. Provide a summary of earnings by marital status. Create a set of indicator variables for marital status based on marstatus. Create a set of variables that interact these marital status indicators with earnings.

Reference no: EM131257065

Questions Cloud

Examine who is involved in financial decision-making : Examine who is involved in financial decision-making. Analyze what are the steps in the financial decision-making process. Examine what some of the specific outcomes that resulted from changes to the financial decision-making process.

Maturity risk premium is estimated : The real risk-free rate is 3.45%. Inflation is expected to be 2.9% this year, 3.7% next year, and 3.05% thereafter. The maturity risk premium is estimated to be 0.05(t - 1)%, where t = number of years to maturity. What is the yield on a 7-year Treasu..

When the external auditors perform work : When the external auditors perform work they are responsible for auditing the financial statements. Which users are the auditors least likely to deal with in fulfilling their duties?

Cornerstone technologies driving innovation : In today's world, social, mobile, analytics, and cloud (SMAC) are the cornerstone technologies driving innovation inside many if not most enterprises. SMAC (social, mobile, analytics and cloud) is the concept that four technologies that are curren..

Create a set of indicator variables : Create a set of variables that interact these marital status indicators with earnings.

Discuss the risks associated with the firm debt : Discuss the risks associated with the firm's debt and equity financing decisions. Suggest alternatives for financing decision made by the firm and support your position with an explanation of the risk/reward benefits

What are some cultures around the world : Different cultures value personal, face-to-face contact and relationships with different levels of reverence. What are some cultures around the world where you might want to utilize more one-on-one contact rather than sole use of technology to mot..

Write about the curse of natural resources by jeffrey sachs : Write about The Curse of Natural Resources by Jeffrey Sachs and Andrew Warner. Your each case study should cover two countries where the same commodity could have different consequences for the country.

Cross-section of the current state of the demand : Our goal is to develop an illustrative cross-section of the current state of the demand for positions within the profession.

User Account

All Pages