5 Problem 5 The data set in CEOSAL2.dta contains information on chief executive offi- cers for U.S. corporations. The variable salary is annual compensation, in thousands of dollars, and ceoten is prior number of years as company CEO. 1. Upload your Stata do-file or R-script that explains syntaxes you used for the problems below. 2. Find the average salary and the average tenure in the sample. 3. How many CEOs are in their first year as CEO (that is, ceoten = 0)? What is the longest tenure as a CEO? 4. Estimate the simple regression model: log (salary) Bo + B₁ceoten; + Ui = and report your results in the usual form. What is the (approximate) predicted percentage increase in salary given one more year as a CEO?

5 Problem 5 The data set in CEOSAL2.dta contains information on chief executive offi- cers for U.S. corporations. The variable salary is annual compensation, in thousands of dollars, and ceoten is prior number of years as company CEO. 1. Upload your Stata do-file or R-script that explains syntaxes you used for the problems below. 2. Find the average salary and the average tenure in the sample. 3. How many CEOs are in their first year as CEO (that is, ceoten = 0)? What is the longest tenure as a CEO? 4. Estimate the simple regression model: log (salary) Bo + B₁ceoten; + Ui = and report your results in the usual form. What is the (approximate) predicted percentage increase in salary given one more year as a CEO?

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter8: Output, Price, And Profit: The Importance Of Marginal Analysis

Section8.A: Appendix The Relationships Among Total, Average, And Marginal Data

Problem 1TY

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