Multi-Part

minimum-wage.xlsx

2. Minimum wages From1985 to 1989, the Federal minimum wage was $3.35 an hour. It increased to $3.85 in 1990 and then again in 1991 to $4.25. A number of studies have focused on the effects of these increases in the minimum wage among teens and young adults who are disproportionately in the low skill / low wage segment of the labor force likely to be most affected by changes in the minimum wage. Question 7 Homework The attached spreadsheet shows employment rates for teenagers and young adults (separately) from 1985 - 1995. Download the spreadsheet that you can use in Excel, in Google sheets or in any other software of your choice. Use it to answer questions that follow in this "question" and subsequent questions. Draw a line plot of the teenage employment rate against time (year). minimum wage.xlsx ! (8.3kB) Browse your computer or drag and drop file here Max file size: 50MB Accepted file types: PDF, JPG, JPEG, PNG, XLSX 0/1 File Limit Question 8 Homework . Unanswered Fill in the Blanks Type your answers in all of the blanks and submit In 1990, coincident with the first increase in the minimum wage, the teenage employment rate fell by percentage points relative to the previous year. It fell another Type your answer here percentage points when the minimum wage rose again in 1991 and a further Type your answer here percentage points in the next year (1992). Report your answers correct to 1 decimal place. Type your answer here Question 9 Homework Unanswered Fill in the Blanks Type your answers in all of the blanks and submit Using the observations from 1989 and 1992, the effect of a $1 change in the minimum wage on the employment rate among teenagers can be estimated as a reduction of Type your answer here percentage points (report correct to 1 decimal place). The effect of a $1 change in the minimum wage on the employment rate among young adults can be estimated as a reduction of percentage points (report correct to 1 decimal place). Type your answer here B C 1985 1 Teen employment rate Young adult employment rate Year 2 16.07168 27.56241 3 16.73868 27.35221 4 17.04963 27.2112 5 17.1475 27.05277 6 18.32158 27.53361 7 17.61992 27.18469 8 16.01705 27.01136 9 14.20139 27.28588 10 14.57322 26.83793 15.4235 26.29146 12 16.60459 25.89696 1986 1987 1988 1989 1990 1991 1992 1993 1994 11 1995 2. Minimum wages From1985 to 1989, the Federal minimum wage was $3.35 an hour. It increased to $3.85 in 1990 and then again in 1991 to $4.25. A number of studies have focused on the effects of these increases in the minimum wage among teens and young adults who are disproportionately in the low skill / low wage segment of the labor force likely to be most affected by changes in the minimum wage. Question 7 Homework The attached spreadsheet shows employment rates for teenagers and young adults (separately) from 1985 - 1995. Download the spreadsheet that you can use in Excel, in Google sheets or in any other software of your choice. Use it to answer questions that follow in this "question" and subsequent questions. Draw a line plot of the teenage employment rate against time (year). minimum wage.xlsx ! (8.3kB) Browse your computer or drag and drop file here Max file size: 50MB Accepted file types: PDF, JPG, JPEG, PNG, XLSX 0/1 File Limit Question 8 Homework . Unanswered Fill in the Blanks Type your answers in all of the blanks and submit In 1990, coincident with the first increase in the minimum wage, the teenage employment rate fell by percentage points relative to the previous year. It fell another Type your answer here percentage points when the minimum wage rose again in 1991 and a further Type your answer here percentage points in the next year (1992). Report your answers correct to 1 decimal place. Type your answer here Question 9 Homework Unanswered Fill in the Blanks Type your answers in all of the blanks and submit Using the observations from 1989 and 1992, the effect of a $1 change in the minimum wage on the employment rate among teenagers can be estimated as a reduction of Type your answer here percentage points (report correct to 1 decimal place). The effect of a $1 change in the minimum wage on the employment rate among young adults can be estimated as a reduction of percentage points (report correct to 1 decimal place). Type your answer here B C 1985 1 Teen employment rate Young adult employment rate Year 2 16.07168 27.56241 3 16.73868 27.35221 4 17.04963 27.2112 5 17.1475 27.05277 6 18.32158 27.53361 7 17.61992 27.18469 8 16.01705 27.01136 9 14.20139 27.28588 10 14.57322 26.83793 15.4235 26.29146 12 16.60459 25.89696 1986 1987 1988 1989 1990 1991 1992 1993 1994 11 1995