Question
(a) Results of multiple regression of average weekly hours on hourly earnings and other variables, 1950 H= c - .085E + .193M +1.041s + .066A
(a) Results of multiple regression of average weekly hours on hourly earnings and other variables, 1950
H= c - .085E + .193M +1.041s + .066A - .056B - .023F
Where
c = Constant of regression
H = mean by hours worked by male and salary workers in census week 1950 (hours)
E = hourly wage and salary income (earnings)
M = Fraction of Male workers with wife present (martial Status)
s = Schooling in years
A= Age
B = proportion black
F = ratio of female workers (percent female)
(b) Labor force Participation from 1950 population over 65 years of age
N = c + .64E - 2.33I (Males)
N = c + 1.05E - 1.09I (females)
where
N = percent in the labor force (Labor force participation rate)
E = earnings
I = Other income (nonwage income)
for females 16-65
N = c + 1.33E - .62I + .12S - .41U - .24K
where
U = Unemployment rate
K = number of kids
Questions
- Do more educated women have a higher or lower labor force participation?
- What is the effect of children on women's labor force participation?
- Do married men work greater amounts than non-married men?
- Is the male labor supply curve for hours "backward Bending"?
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