Estimating womens labor supply, Macroeconomics

1.    Estimating Women's Labor Supply

a.    The following regression was run for an estimate of the current women's labor supply curve:


hi = hours of labor supplied by female worker i (with mean = 32)

w = wage earned by female worker i (with mean = 13)

Vi = non-labor income by female worker i (with mean = 50)

Zi = other control variables.

The coefficients were estimated to be b = 1.05, g = -0.4, and h = 0.004. What is the elasticity of the substitution-effect?

b.    Using the values in (d), what is the elasticity of the supply curve for women?

c.    What does this elasticity mean?

d.    Is this elasticity giving an relatively elastic or inelastic supply curve?

2.    Question on Children, Fertility, and Labor Supply

a.    Graph an increase in the price of children when children are an inferior good.

101_Estimating Womens Labor Supply.png

b.    Did Malthus propose that children are normal or inferior goods?

c.    Graph an increase in the price of children when children are a normal good.

d.    Does the empirical evidence provided (from both "Wage-based" and "Income-based" measures) suggest that children are normal goods or inferior goods? Why or why not?

Posted Date: 2/23/2013 4:58:36 AM | Location : United States

Related Discussions:- Estimating womens labor supply, Assignment Help, Ask Question on Estimating womens labor supply, Get Answer, Expert's Help, Estimating womens labor supply Discussions

Write discussion on Estimating womens labor supply
Your posts are moderated
Related Questions
Assume that an economy's GDP Y=5000. Also assume that the government runs a deficit where tax revenue T=1000 and government expendituresG= 1500. The consumption function is represe

Q. How commercial banks create money? Commercial banks clearly can't influence the amount of currency in economy or monetary base because they aren't allowed to print money. Th

Suppose that 70% of people who identify themselves as an "Independent" voter end up voting for a Republican candidate. What is the probability that out of 120 "independent" voters

A brewery produces two kinds of beer, stout and IPA . Each batch of stout sells for $60 per unit while each batch of IPA sells for $108. Both products require malt, hops, barley, f

Select a particular public policy with which you are familiar and discuss two positive and two negative aspects of that policy. b. What goal do you think the policy makers were try

Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes

What do learn by study the supply curve concepts? a. The relationship in between quantity of inputs and output b. Why production is frequently subject to reducing  returns

Suppose you buy call options on Microsoft stock. Each option costs $2 and has the strike price of $40 and the expiration date July 1. Discuss whether you would exercise the options

Q. Describe the Keynes motivation? Keynes' motivation: In good times, when Y is high (above its trend), national income is high (above it trend). Consumers will take this opp

why is international trade important for South Africa?