Identify the individuals that will take a job under the ELR program. Be sure to include your justification for who you include in your potential job recipient pool in your answer. Calculate the new individual earned income and total household income for those individuals and their households (households are identified by the variable hhid).
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Problem
Analyze the potential impact of an Employer of Last Resort program using the data in exam.dta. The program will provide a job to anyone aged 18 to 67 years old that applies, until it runs out of money. The annual budget for the program is $35 billion. The jobs will be full-time (40 hours per week), full-year, and pay $15 per hour. Assume that the likelihood that someone will apply for a job under the program is equivalent to the likelihood that they are employed. Also, assume that there will be more applicants than available positions.
In your answer, be sure to include the impact on racial and gender inequality (in other words differences in incomes by race and gender) and differences in poverty rates, as well as on overall poverty and inequality.
In order to complete your answer, you must complete the following steps:
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Identify the individuals that will take a job under the ELR program. Be sure to include your justification for who you include in your potential job recipient pool in your answer.
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Calculate the new individual earned income and total household income for those individuals and their households (households are identified by the variable hhid).
The variables in the data set are:
provide its code for STATA?
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