ECONOMICS 1123
Havard School
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Department of Economics Economics 1123 Harvard University Fall 2020 Midterm Exam 9:00 a.m., Wednesday October 24, 2018 PACKET 2 Solutions in Calibri 11 Part 1 – USE BLUE BOOK #1 (60 points)
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Department of Economics Economics 1123
Harvard University Fall 2020
Midterm Exam
9:00 a.m., Wednesday October 24, 2018
PACKET 2
Solutions in Calibri 11
Part 1 – USE BLUE BOOK #1 (60 points)
1) Consider regressions (1) and (2).
a) (5 points) Interpret the coefficient on license in regression (1), in which the dependent variable is wage.
The mean wage for workers with a license is $2.76 higher than for those without a license.
b) (5 points) Based on the evidence in the ...
Exam (elaborations)
Department of Economics Economics 1123 Harvard University Fall 2020 Midterm Exam 9:00 a.m., Wednesday October 24, 2018 PACKET 2 Solutions in Calibri 11 Part 1 – USE BLUE BOOK #1 (60 points)
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Department of Economics Economics 1123 Harvard University Fall 2020 Midterm Exam 9:00 a.m., Wednesday October 24, 2018 PACKET 2 Solutions in Calibri 11 Part 1 – USE BLUE BOOK #1 (60 points) 1) Consider regressions (1) and (2). a) (5 points) Interpret the coefficient on license in regression (1), in which the dependent variable is wage. The mean wage for workers with a license is $2.76 higher than for those without a license. b) (5 points) Based on the evidence in the ...
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