Suppose you are interested in estimating the causal effect of having a Master's degree in Eco- nomics on earnings among individuals who majored in Economics. You have a sample of 1,500 individuals who majored in Economics. Which of the following statements is correct: O A consistent estimate of this causal effect can be obtained by comparing average earnings of sampled individuals with and without a Master's degree in Economics O A consistent estimate of this causal effect can be obtained by regressing earnings on a dummy variable indicating whether or not an individual in the sample has a Master's degree in Economics O A consistent estimate of this causal effect can be obtained by regressing earnings on 1) a dummy variable indicating whether an individual in the sample has a Master's degree in Economics, 2) gender, 3) age, 4) type of occupation, 5) state of residence O None of the above
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- Quality-Quantity Trade-off: Becker’s (1981) theory proposes a quality-quantitytradeoff in fertility choices. Parents pay for having kids (childcare, feeding thechild etc.) and well as nurturing the kids (providing education).a. What does Becker’s theory imply about children born in big families?b. To test this model, we need to identify whether it is true that parentswould invest more in kids’ quality (e.g. education) if they had fewer kids.Suppose we compare the education of children in large families and smallfamilies, and find that children in small families get more education. Doesthis imply that being born into a large family causes a child to get loweducation? What mechanisms can you think of that can lead to thisassociation?c. Economists have used twins to test the presence of a quality-quantitytrade-off. In fact, we find that there is mixed evidence for the Q-Q model.What can explain this?1. Why is the existence of a correlation (existence of co-occurrence or association) between and Fnot enough evidencefor us to say that Ycauses Y?2. What is the post hoc, ergo propter hoc fallacy? Give an exampleSuppose now that instead of herders buying the UThere phones, herders in the region were randomly given either a new UThere phone or soap of equivalent value. The impact evaluation team then randomly surveyed 250 herders who receive the phone and 250 who received the soap. When you directly compare average income for these two groups, the difference gives you: Naïve ATE due to selection bias, since those who randomly got phones are different from those who got soap. True ATE due to the randomization which implies that those who got soap are otherwise comparable to those who got phones. different way of measuring selection bias due to the randomization, since getting soap might increase the average income but not as much as UThere phones. the same value of Naïve ATE that you might expect to get without a random distribution of phones and soap.
- A significantly larger proportion of higher social class children attend college than lower-class children. This islargely due to differences in ability among social classes. T or F?Let wtpi denote the willingness of person i from a population to pay for a new public project, such as a new park or the widening of an existing highway. You are interested in the e¤ects of various socioeconomic variables on wtp, and you specify the population model Rather than observe wtpi, each person in the sample is presented with a cost of the project, ri. At this cost the person either favors or does not favor the project. Let yi = 1 if person i favors the project and zero otherwise.Choose the right answers. (A) The infant mortality rate Measures the proportion of children who died between O and 1 year, inclusive. (B) The infant mortality rate Measures the proportion of children who have died and are less than one year old. O C) The infant mortality rate is the percentage of children who have died and are under one year of age (D) The infant mortality rate measures the proportion of children under the age of 5. 2) true or false The gross mortality rate in a country is always consistent with life expectancy in that country.
- I wanna ask, this is an exercise. What is the possible 'significance of study' if we focus our research on the topic entitled "The Impact of the Pandemic on Cost of Living between Different Income Level".What are the implications of the RAND Health Insurance Experiment results with regard to the production of health from medical care? Draw the implied PF for health outcomes given medical care, indicate (and explain) the point where the HIE suggests we are at. What does this imply with regard to health care cost containment polices like higher co-insurance rates?Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…
- Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…Susan was frustrated. As chair of the school of nursing at the local university, she wantedher students to get used to using electronic health records. Ideally, these students wouldleave her program and be able to use their employer’s EHR system without any additionalorientation. Other campus health profession leaders had similar concerns. However, thefaculty found that within a 100-mile radius of the university, the area’s many hospitals andthree main healthcare systems all used different EHR vendors.The local healthcare systems promoted electronic health information. They were allconcerned about the safety and security of the records and the needs of their patients. Theywere also aware of the national push for system to integrate EHRs. In reality, however, therecords housed in the variety of systems could not be shared. The software was toodisconnected and dissimilar.Susan wondered what her next step should be. Which system should she adopt, ifany? How could she help move these…Need Step by Step answer: How to draft on Excel. Because Income depends on work effort and work effort depends on nutrition, suppose the relationship between income (Y) and total food availability (F) in a poor household is given by: Y = 10F + 20F2 – 0.6F3 a) If food availability in a two-person household is 20, would it be “rational” to share the food? Explain. b) If food availability in a two-person household is 30, would it be “rational” to share the food? Explain.