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Introduction to Econometrics, 2e (Stock/Watson)10.2 Essays and Longer Questions
1) A study, published in 1993, used U.S. state panel data to investigate the relationship between minimum wages and employment of teenagers. The sample period was 1977 to 1989 for all 50 states. The author estimated a model of the following type: ln(Eit )= β0 + β1ln(Mit /Wit ) + γ2D2i + ... +...
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