ECON612, Spring 2002, PROBLEM SET #1:



ECON611, PROBLEM SET #1:

For this problem set, retrieve the STATA data set CPS16M.dta from my web page, . This data set contains a small subset of variables from the 2016 March Current Population Survey, Annual Social and Economic Supplement (ASEC). These data were downloaded from the IPUMS web site, which has all of the past monthly CPS with consistent variables names and coding across surveys. (IPUMS also has many other data sets that are available for downloading. IPUMS does their best to make the data easy to use.)

You must hand in the answers to the following questions. You must also attach to your answers a hard copy of the STATA log file that shows the work you did.

1. From CPS16M data set, create the following subset: full-time wage and salaried private civilian employed workers, ages 24-65, who report non-zero yearly wage and salary income and are not full-time students.

2 Calculate the number of employed workers at each of the following education levesl: high school dropout (or less), high school graduate, some college (including associates degree), college graduates with a bachelor's degree, graduate degree (masters and above).

3. A. Calculate an estimate of the hourly wage for each worker.

B. Calculate the mean, median and standard deviation of hourly wages.

4. A. For each education level (see question 1), calculate the mean and standard deviation of hourly wages.

5. A. Calculate the correlation coefficient between years of education and hourly wages.

B. Plot years of education against hourly wages (put hourly wages on the vertical axis).

C. Plot the average hourly wage for each year of education.

D. Regress hourly wages (the dependent variable) on years of education (the independent variable).

6. A. Calculate the correlation coefficient between years of education and age.

B. Plot the average age for each year of education.

C. Regress years of education (the dependent variable) on age (the independent variable).

................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download