The six households below contain one mom, one dad, and either one or two children. The...
The six households below contain one mom, one dad, and either one or two children. The table below indicates the Census-assigned household number (for reference purposes; it is not used in this assignment), the number of children in the household, a two-child household indicator variable, and the number of hours the mom works in a typical week.
|
household |
Number kids |
Two kids |
Mom's work hours |
|
16761 |
2 |
1 |
0 |
|
24438 |
2 |
1 |
45 |
|
41729 |
2 |
1 |
0 |
|
42802 |
1 |
0 |
35 |
|
63528 |
1 |
0 |
40 |
|
148848 |
1 |
0 |
0 |
A. What is the average female work hours among one-child households? What is the average female work hours among two-child households? What is the difference in means?
B. What is the estimated standard error of the difference in means?
C. What is the value of the test statistic?
Homework Answers
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The six households below contain one mom, one dad, and either
one or two children. The...
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To give Mom a day of rest, Dad plans to take his two children, Bart and Cassie, on an outing on Sunday. Bart prefers to go to the amusement park (A), whereas Cassie prefers to go to the science museum (S). Each child gets 3 units of utility from his/her more preferred activity and only 2 units of utility from his/her less preferred activity. Dad gets 2 units of utility for either of the two activities. To choose their activity,...
16761 2 0 24438 2 45 41729 2 0 42802 1 0 35 63528 1 0...
16761 2 0 24438 2 45 41729 2 0 42802 1 0 35 63528 1 0 40 148848 1 0 0 Here is your task: Carry out a difference in means test of the null hypothesis that moms with one child work the same number of hours as moms with two kids; in other words, the null hypothesis is that average work hours is the same in both types of households. To do this, you'll have to answer the following...
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16761 2 0 24438 2 45 41729 2 0 42802 1 0 35 63528 1 0 40 148848 1 0 0 Here is your task: Carry out a difference in means test of the null hypothesis that moms with one child work the same number of hours as moms with two kids; in other words, the null hypothesis is that average work hours is the same in both types of households. To do this, you'll have to answer the following...
A critical question is what happens to the welfare of rural households when they engage in migration. When households lose labor, it may be harder for them to participate in and generate income from other activities such as agriculture. Remittances may partly compensate for these negative effects. In addition, a reduction in household size means less consumption pressure on the household. ANA, a famous theoretical economist, is trying to estimate the causal impact of migration on household income. Ana took...
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Consider an economy occupied by two households (i- A, B) who are facing the two-period consumption problem. Each household i - A, B is facing the following utility maximization problem: max subject to ci +biy(1+r)bo where Vi and US are household i's exogenous income in period t 1.2. cỈ and c are household i's consumption in period t 1,2. bo,bi is household i's bond holdings of which bo is exogenously given, r is the real interest rate, and 0 <...
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