9. Using regression adjustments to estimate the effects of policy intervention Suppose you want to examine the effects of a job training program, and estimate the following regression model to do so: carn 98 4.6+2.5train +0.34earn 96+0.35educ-0.2age +2.3 married where earn 98- labor market earnings in 1998, in thousands of dollars train-1 if the employee participated in the training program, and -0 otherwise earn 96- labor market earnings in 1996 (the year before the training program), in thousands f dollars educ= years of schooling age age, in years married 1 if the employee is married, and =0 otherwise 74 1.120 R2=0.42 Using unrestricted regression adjustment, which of the following best represents the estimated equation with full interactions? Ⓒearn 98-5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 train (earn 96-earn 96) +0.036 train-(educ-educ) +0.053 train- (age-age)+1.15 train- (married-married) O carn 98= 5.3 +3.2train +0.33carn 96 + 0.37educ-0.2age +3married + 0.13 train-(earn 96 carn 96) + 0.036 train- (carn96-carn96) + 0.053 train (carn 96- carn96) + 1.15 train (carn 96-carn96) O earn 98 5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married+0.13 train- (age-age) +0.036 train- (age-age) +0.053 train- (age-age)+1.15 train-(age-age) O carn 98=5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 earn96-(train-train) +0.036 educ- (train-train) +0.053 age- (train-train) + 1.15 married- (train-train) Using your answer from the preceding question, the estimated average treatment effect of the training program is fure= Which of the following best represents the meaning of the estimated average effect of the training program? O The training program led to an increase in 1998 earnings of $3,200. O The training program led to a decrease in 1998 earnings of $3,000. O The training program led to an increase in 1998 earnings of $1,150. O The training program led to an increase in 1998 earnings of $200.
9. Using regression adjustments to estimate the effects of policy intervention Suppose you want to examine the effects of a job training program, and estimate the following regression model to do so: carn 98 4.6+2.5train +0.34earn 96+0.35educ-0.2age +2.3 married where earn 98- labor market earnings in 1998, in thousands of dollars train-1 if the employee participated in the training program, and -0 otherwise earn 96- labor market earnings in 1996 (the year before the training program), in thousands f dollars educ= years of schooling age age, in years married 1 if the employee is married, and =0 otherwise 74 1.120 R2=0.42 Using unrestricted regression adjustment, which of the following best represents the estimated equation with full interactions? Ⓒearn 98-5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 train (earn 96-earn 96) +0.036 train-(educ-educ) +0.053 train- (age-age)+1.15 train- (married-married) O carn 98= 5.3 +3.2train +0.33carn 96 + 0.37educ-0.2age +3married + 0.13 train-(earn 96 carn 96) + 0.036 train- (carn96-carn96) + 0.053 train (carn 96- carn96) + 1.15 train (carn 96-carn96) O earn 98 5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married+0.13 train- (age-age) +0.036 train- (age-age) +0.053 train- (age-age)+1.15 train-(age-age) O carn 98=5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 earn96-(train-train) +0.036 educ- (train-train) +0.053 age- (train-train) + 1.15 married- (train-train) Using your answer from the preceding question, the estimated average treatment effect of the training program is fure= Which of the following best represents the meaning of the estimated average effect of the training program? O The training program led to an increase in 1998 earnings of $3,200. O The training program led to a decrease in 1998 earnings of $3,000. O The training program led to an increase in 1998 earnings of $1,150. O The training program led to an increase in 1998 earnings of $200.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
Related questions
Question
Y7
Transcribed Image Text:9. Using regression adjustments to estimate the effects of policy intervention
Suppose you want to examine the effects of a job training program, and estimate the following regression model to do so:
earn 98= 4.6 +2.5train +0.34earn 96+0.35educ-0.2age +2.3 married
where
earn 98 labor market earnings 1998, in thousands of dollars
train -1 if the employee participated in the training program, and -0 otherwise
earn 96 labor market earnings in 1996 (the year before the training program), in thousands of dollars
educ = years of schooling
age = age, in years
married = 1 If the employee is married, and =0 otherwise
TL 1,120
R² = 0.42
Using unrestricted regression adjustment, which of the following best represents the estimated equation with full interactions?
○ earn 98-5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 train (earn 96-earn 96) +0.036 train (educ-educ) + 0.053 train- (age - age) + 1.15 train (married-married)
O carn 98 = 5.3+3.2train +0.33carn 96 +0.37educ 0.2age +3married + 0.13 train (carn 96-carn96) + 0.036 train (carn96-carn 96) +0.053 train (carn 96-carn96) 1.15 train (carn 96 earn 96)
○ earn 98= 5.3+3.2train +0.33earn 96+0.37educ-0.2age +3married +0.13 train- (age - age) +0.036 train- (age - age) +0.053 train (age - age) + 1.15 train (age – age)
O earn 98 = 5.3+3.2train +0.33earn 96 +0.37educ-0.2age +3married +0.13 earn96-(train-train) +0.036 educ- (train-train) +0.053 age- (train-train) + 1.15 married. (train-train)
Using your answer from the preceding question, the estimated average treatment effect of the training program isura =
Which of the following best represents the meaning of the estimated average effect of the training program?
O The training program led to an increase in 1998 earnings of $3,200.
O The training program led to a decrease in 1998 earnings of $3,000.
O The training program led to an increase in 1998 earnings of $1,150.
O The training program led to an increase in 1998 earnings of $200.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL