request of answers, Econometrics

Assignment Help:
Ask q2. Using a sample of 545 full-time workers, a researcher is interested in the question as to whether women are systematically underpaid compared with men. First, a research estimates the average hourly wages in the sample for men and women, which are $5.91 and $5.09 respectively.
a) Do these numbers give an answer to the question of interest? Why not? How could one (at least partially) correct for this?
The researcher also runs a simple regression of an individual''s wage on a male dummy, equal to 1 for males and 0 for females. This gives the results reported in

Hourly wages explained from gender: OLS results

b) How can you interpret the coefficient estimate of 0.82? How do you interpret the estimated intercept of 5.09?
c) (How do you interpret the of 0.26?
d) Explain the relationship between the coefficient estimates in the table and the average wage rates of males and females.
e) A student is unhappy with this model as ‘a female dummy is omitted from the model’. Comment upon this criticism.
f) Test, using the above results, the hypothesis that men and women have, on average, the same wage rate, against the one-sided alternative that women earn less. State the assumptions required for this test to be valid.
g) Construct a 95 % confidence interval for the average wage differential between males and females in the population.
uestion #Minimum 100 words accepted#

Related Discussions:- request of answers

National park , A chance sample of visitors to a National Park was intervie...

A chance sample of visitors to a National Park was interviewed regarding their impressions of the Park.  Of 200 interviewees, 120 said that they would probably make a return visit

I need a help with my assignment, My econometrics assignment is due for mon...

My econometrics assignment is due for monday, August 18th. I''m running out of time and need a help to meet the deadline. I need answers for 4 problems from the basic econometrics.

Primal and dual lp problems, As in the model solved initially, the followin...

As in the model solved initially, the following is the LP model Maximize Z = $42.13*(x 11 + x 12 + x 13 + x 14 ) + $38.47*(x 21 + x 22 + x 23 + x 24 ) + $27.87*(x 31 + x

Maximizing profit, verify Leibniz rule for differentiation under the integr...

verify Leibniz rule for differentiation under the integral sign for the following function 2x^2+3xy+3y^2

Business versus government, how might short and long term goals between a b...

how might short and long term goals between a business and the government differ?

Game theory, Students in the red/black card game had to make individual dea...

Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?

Econmetics, Greenstone Coffee is experiencing financial pressures due to in...

Greenstone Coffee is experiencing financial pressures due to increased competition for its numerous urban coffee shops. Total sales revenue has dropped by 15% and the company wishe

Expected values and variances, What is the expected value and variance of y...

What is the expected value and variance of y = 3x+2 knowing that E(X) = 8 and var(X) = 4.

Anova, anova model two qualitatlve var

anova model two qualitatlve var

Draw a line starts from left to right and positive slope, Can you draw a li...

Can you draw a line which starts from left to right has a positive slope?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd