reg ln (income) UR Minimum_Wage Democrat Gov Welfare Gen In (emp) UR Minwage Source I SS df MS Number of obs = 50 43) = 13.22 F( 6, Prob > F 6. .125700097 0.0000 %3D Model | .75420058 R-squared Adj R-squared = .009505078 0.6485 %3D Residual I .408718339 43 0.5995 1.16291892 49 .023733039 Root MSE .09749 %3D Total | In (income) I Coef. Std. Err. t P>|t| [95% Conf. Interval] UR I -5.567 9.724015 -0.57 0.570 -25.17644 14.04426 .0377986 0.18 0.858 -.0694105 .0830459 Minimum Wage I Democrat Gov| Welfare Gen | .0068 -.0323346 .0003114 .092115 0.97 5.80 0.338 0.000 .0299 .0308549 .0005 .0000823 .0006434 2.75 0.009 .0109649 .0710188 .041 .217 .0148892 In (emp) I UR*Minwage 1 1.051531 0.21 0.837 -1.903301 2.337927 cons | 9.88 .4561166 21.66 0.000 8.960321 10.80001 In the above regression, the variable income is per capita income measured in dollars (mean=$56,806), UR_Rate is the unemployment rate (mean=D0.046), Minimum_wage is the state minimum wage (mean=$8.04), Democrat_Gov is an indicator for a state having a Democratic governor (mean3D0.56), Welfare_Gen is a measure of the generosity of a state's welfare benefits (mean=$888), emp is the number of people employed in the state (mean=3,000,689), and UR*Minwage is the unemployment rate multiplied by the state minimum wage (mean=D0.431).
reg ln (income) UR Minimum_Wage Democrat Gov Welfare Gen In (emp) UR Minwage Source I SS df MS Number of obs = 50 43) = 13.22 F( 6, Prob > F 6. .125700097 0.0000 %3D Model | .75420058 R-squared Adj R-squared = .009505078 0.6485 %3D Residual I .408718339 43 0.5995 1.16291892 49 .023733039 Root MSE .09749 %3D Total | In (income) I Coef. Std. Err. t P>|t| [95% Conf. Interval] UR I -5.567 9.724015 -0.57 0.570 -25.17644 14.04426 .0377986 0.18 0.858 -.0694105 .0830459 Minimum Wage I Democrat Gov| Welfare Gen | .0068 -.0323346 .0003114 .092115 0.97 5.80 0.338 0.000 .0299 .0308549 .0005 .0000823 .0006434 2.75 0.009 .0109649 .0710188 .041 .217 .0148892 In (emp) I UR*Minwage 1 1.051531 0.21 0.837 -1.903301 2.337927 cons | 9.88 .4561166 21.66 0.000 8.960321 10.80001 In the above regression, the variable income is per capita income measured in dollars (mean=$56,806), UR_Rate is the unemployment rate (mean=D0.046), Minimum_wage is the state minimum wage (mean=$8.04), Democrat_Gov is an indicator for a state having a Democratic governor (mean3D0.56), Welfare_Gen is a measure of the generosity of a state's welfare benefits (mean=$888), emp is the number of people employed in the state (mean=3,000,689), and UR*Minwage is the unemployment rate multiplied by the state minimum wage (mean=D0.431).
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![. reg ln (income) UR Minimum_Wage Democrat Gov Welfare_Gen In (emp) UR*Minwage
Source |
SS
df
MS
Number of obs =
50
F(
6,
43) =
13.22
Model |
.75420058
.125700097
Prob > F
0.0000
0.6485
R-squared
Adj R-squared =
Residual I
.408718339
43
009505078
0.5995
Total |
1.16291892
49
.023733039
Root MSE
.09749
In (income) 1
Coef.
Std. Err.
P>|t|
[95% Conf. Interval]
-25.17644
14.04426
-0.57
0.18
UR I
-5.567
9.724015
0.570
.0377986
0.858
-.0694105
.0830459
Minimum Wage I
Democrat Gov |
.0068
.0299
.0308549
0.97
0.338
-.0323346
.092115
Welfare Gen |
.0005
.0000823
5.80
0.000
.0003114
.0006434
.041
.0148892
2.75
0.009
.0109649
.0710188
In (emp) I
UR*Minwage 1
.217
1.051531
0.21
0.837
-1.903301
2.337927
cons |
9.88
- 4561166
21.66
0.000
8.960321
10.80001
In the above regression, the variable income is per capita income measured in dollars
(mean=$56,806), UR_Rate is the unemployment rate (mean=D0.046), Minimum_wage is the state
minimum wage (mean=$8.04), Democrat_Gov is an indicator for a state having a Democratic
governor (mean3D0.56), Welfare_Gen is a measure of the generosity of a state's welfare benefits
(mean=$888), emp is the number of people employed in the state (mean=3,000,689), and
UR*Minwage is the unemployment rate multiplied by the state minimum wage (mean=D0.431).](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F59c1a09d-455b-4e35-b247-874cd3f14c27%2F39faee95-abd1-4cc9-926c-33f516606b9b%2Fy327gtq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:. reg ln (income) UR Minimum_Wage Democrat Gov Welfare_Gen In (emp) UR*Minwage
Source |
SS
df
MS
Number of obs =
50
F(
6,
43) =
13.22
Model |
.75420058
.125700097
Prob > F
0.0000
0.6485
R-squared
Adj R-squared =
Residual I
.408718339
43
009505078
0.5995
Total |
1.16291892
49
.023733039
Root MSE
.09749
In (income) 1
Coef.
Std. Err.
P>|t|
[95% Conf. Interval]
-25.17644
14.04426
-0.57
0.18
UR I
-5.567
9.724015
0.570
.0377986
0.858
-.0694105
.0830459
Minimum Wage I
Democrat Gov |
.0068
.0299
.0308549
0.97
0.338
-.0323346
.092115
Welfare Gen |
.0005
.0000823
5.80
0.000
.0003114
.0006434
.041
.0148892
2.75
0.009
.0109649
.0710188
In (emp) I
UR*Minwage 1
.217
1.051531
0.21
0.837
-1.903301
2.337927
cons |
9.88
- 4561166
21.66
0.000
8.960321
10.80001
In the above regression, the variable income is per capita income measured in dollars
(mean=$56,806), UR_Rate is the unemployment rate (mean=D0.046), Minimum_wage is the state
minimum wage (mean=$8.04), Democrat_Gov is an indicator for a state having a Democratic
governor (mean3D0.56), Welfare_Gen is a measure of the generosity of a state's welfare benefits
(mean=$888), emp is the number of people employed in the state (mean=3,000,689), and
UR*Minwage is the unemployment rate multiplied by the state minimum wage (mean=D0.431).
Transcribed Image Text:In the above regression, the variable income is per capita income measured in dollars
(mean=$56,806), UR_Rate is the unemployment rate (mean=0.046), Minimum_wage is the state
minimum wage (mean=$8.04), Democrat_Gov is an indicator for a state having a Democratic
governor (mean3D0.56), Welfare_Gen is a measure of the generosity of a state's welfare benefits
(mean-$888), emp is the number of people employed in the state (mean=3,000,689), and
UR*Minwage is the unemployment rate multiplied by the state minimum wage (mean=D0.431).
Answer the following questions. If necessary, evaluate the marginal effect at the mean.
1. What is the marginal effect of a one percent increase in employment on per capita income?
percent
2. What is the marginal effect of a one dollar increase in the state minimum wage on per capita
income?
percent
3. What is the marginal effect of a one dollar increase in welfare generosity on per capita income?
percent
4. What is the intercept for a state with a democratic governor?
5. What is the predicted value of In(income) if the unemployment rate is 0, the minimum wage is
$15, Welfare generosity is $1000, there is a Republican governor, and In(emp)=15?
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