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Let Yi be the log unemployment rate in city i; let MWi be a minimum wage indicator i.e., 1 if city i increased the minimum
Let Yi be the log unemployment rate in city i; let MWi be a "minimum wage indicator" i.e., 1 if city i increased the minimum wage and 0 otherwise. An economist is interesting in studying the effect of an increase in the minimum wage on the unemployment rate. The true model of the world is given by Yi = 0 + 1MWi Edi + Ui
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Global Business Today
Authors: Charles W. L. Hill Dr, G. Tomas M. Hult
10th edition
1259686698, 978-1259686696
