Use the data set CPS2015 described in Empirical Exercise 8.2 (You can search the data on the text website http://www.pearsonhighered.com/stock_watson/, where you will find a data file CPS2015, which contains data for full-time, full-year workers, age 25-34, with a high school diploma or B.A./B.S. as their highest degree. A detailed description is given in CPS2015_Description, also available on website). Based on the 2015 data E8 1.2 (l) concluded: Earnings for those with a college education are higher than those with a high school degree, and earnings of the college educated increase more rapidly early in their careers (age 25–34). Earnings for men are higher than those of women, and earnings of men increase more rapidly early in their careers (age 25–34). For all categories of workers (men/women, high school/college) earnings increase more rapidly from age 25–32 than from 32–34. After downloaded the data file, please answer the following question: The data set CPS96_15 described in Empirical Exercise 3.1 includes data from 1996 and 2015. Use these data to investigate the (temporal) external validity of the conclusions that you reached in Empirical Exercise 8.2(1). [Note: Remember to adjust for inflation, as explained in Empirical Exercise 3.1(b) and use STATA with robust]
Use the data set CPS2015 described in Empirical Exercise 8.2 (You can search the data on the text website http://www.pearsonhighered.com/stock_watson/, where you will find a data file CPS2015, which contains data for full-time, full-year workers, age 25-34, with a high school diploma or B.A./B.S. as their highest degree. A detailed description is given in CPS2015_Description, also available on website).
Based on the 2015 data E8 1.2 (l) concluded: Earnings for those with a college education are higher than those with a high school degree, and earnings of the college educated increase more rapidly early in their careers (age 25–34). Earnings for men are higher than those of women, and earnings of men increase more rapidly early in their careers (age 25–34). For all categories of workers (men/women, high school/college) earnings increase more rapidly from age 25–32 than from 32–34.
After downloaded the data file, please answer the following question:
The data set CPS96_15 described in Empirical Exercise 3.1 includes data from 1996 and 2015. Use these data to investigate the (temporal) external validity of the conclusions that you reached in Empirical Exercise 8.2(1). [Note: Remember to adjust for inflation, as explained in Empirical Exercise 3.1(b) and use STATA with robust]
Trending now
This is a popular solution!
Step by step
Solved in 6 steps
