Household ID A B C D E F G H I J Total Formula FGT Index Household income yi 250 320 330 450 470 530 800 880 900 1200 6130 Po=? Po=? Poverty gap (z-yi) ? ? ? ? ? ? ? ? ? ? ? P₁=? P₁=? Squared poverty gap (z-y:)² ? ? ? ? ? ? ? ? ? ? ? P₂=? P₂=? Cumulative income 250 570 900 1350 1820 2350 3150 4030 4930 6130 Cumulative % of households 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
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Country A has a poverty line of 560 in their currency (i.e., z=560). Calculate the Foster-Greer-Thorbecke (FGT) indices (i.e., P0, P1, P2) by completing the table attached to this question.
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- Education: Does College Pay Off? It is costly in both time and money to go to college.Does it pay off? According to the Bureau of the Census, the answer is yes. The averageannual income (in thousands of dollars) of a household headed by a person with thestated education level is as follows: 24.3 if ninth grade is the highest level achieved.41.4 forhigh school graduates. 59.7 for those holding associate degrees, 82.7 for thosewith bachelor's degrees, 100.8 for those with master’s degrees, and 121.6 for thosewith doctoral degrees. Make a bar graph showing household income for eacheducation levelAverage Earnings by Innnigrant Cohort 2010 2010 2015 2015 Cohort Label YSM Earnings (S) YSM Earnings ($) Native-born Native N/A 73,915 N/A 80,245 1955-1959 1M5559 52.5 97,361 57.5 97,212 1960-1964 1M6064 47.5 91,822 52.5 93,156 1965-1969 1M6569 42.5 88,610 47.5 106,552 1970-1974 1M7074 37.5 88,392 42.5 93,163 1975-1979 1M7579 32.5 85,919 37.5 97,756 1980-1984 1M8084 27.5 79,911 32.5 81,500 1985-1989 1M8589 22.5 70,143 27.5 78,100 1990-1994 1M9094 17.5 64,342 22.5 69,033 1995-1999 1M9599 12.5 68,821 17.5 73,976 2000-2004 IM0004 7.5 66,971 12.5 74,907 2005-2009 IM0509 2.5 58,623 7.5 67,780 2010-2014 IM1014 2.5 60,596 NOTE: "YSM" refers to the average years since migration. This is a table of average earnings for various immigration cohorts as well as native-born Canadians for 2010 and 2015. These values are expressed in 2015 real dollars. A) Calculate the cross-sectional entry effect for the IM0509 cohort. Interpret what the number…What is difference between cohort analysis and cluster analysis. With example
- Cumulative % of Population 0 20 40 60 80 100 Cumulative % of Income, United States, 2010 0 5 15 29 49 100 Cumulative % of Income, Argentina, 2010 0 4 13 28 50 100 Report your answers to two decimal places. According to these data, the Gini coefficient for the United States in 2010 is _______ The Gini coefficient for Argentina in 2010 is ______ These data indicate that in 2010, income is (blank) in the United States compared to Argentina.What is calculation of Herfindahl-Hirschman IndexWhat is Lerner index? How is it calculated? What does it calculated outcome tell us?
- How has the distribution of household types inthe United States been changing? What are theimplications of these shifts?MP believe that there is a causal relationship between earnings and years of schooling. They show you an estimate of the impact of years of schooling on annual earnings: There are two groups of individuals – group 1 and group 2. Group 1 on average earns £60,000 per year with the average level of post-compulsory education of 6 years, while group 2 earns on average £40,000 with the average post-compulsory education of 4 years. The MPs conclude that the annual return to an additional year of education is 25% using the following equation [(£60,000-£40,000)/40,000]/(6-4)=25%. Ignoring time preferences and discounting, and if both groups face the same cost of schooling, you need to explain to the MPs why this is not a good estimate of the annual return to an additional year of education. Propose methods to the MPs to deal with the problemH3. Empirical evidence has highlighted noticeable income convergence across difference regions in the US. It has been discussed in many classical studies, including Barro and Salai-Martin (1991). However, researchers also noticed some different pattern in reality. For example, there are two cities in central Arkansas. They are 40 miles apart from each other next to an inter-state highway. The two cities were similar in several aspects, for example infrastructure, demographics and industries until the 1980s. For example, both cities had about 5,000 total population and roughly $10,000 of average household income in the mid-1970s. After 40 years, one city still has about 5,000 people and with $28,000 average household income. The other city, however, has grown into a decent metro-area with about 30,000 residents and $50,000 average household income. 1) From the story above, can you find any evidence to support or invalidate the Solow growth model, which is the core of modern economic…
- Answer it correctly please. I ll rate accordingly. Typed answer only. Please do it fast and good answer. which of the following is not a panel data set? a. the u.s. panel survey of income dynamics. b. the current population survey c. the canadian national public health serviceA government study found that people who eat chocolate frequently weighless than people who don’t. Researchers questioned 1000 individuals fromCalifornia between the ages of 20 and 85 about their eating habits, andmeasured their weight and height. On average, participants ate chocolatetwice a week and had a body mass index (BMI) of 28. There was anobserved difference of five to seven pounds in weight between those whoate chocolate five times a week and those who did not eat any chocolate atall, with the chocolate eaters weighing less on average. Frequent chocolateeaters also consumed more calories, on average, than people who consumedless chocolate. Based on this summary, would you recommend thatAmerican’s who do not presently eat chocolate, consider eating chocolateup to five times a week if they want to lose weight? Why or why not?Explain.Qn 1. According to the News Wire “Inequality,” what is the average per capita income innations where the highest-income decile gets (a) over 45 percent of totalincome? (b) less than 30 percent of total income?