Use the data in FRINGE.RAW for this exercise. For what percentage of the workers in the sample
Fantastic news! We've Found the answer you've been seeking!
Question:
- Use the data in FRINGE.RAW for this exercise.
- For what percentage of the workers in the sample is a pension equal to zero? What is the range of pensions for workers with nonzero pension benefits? Why is a Tobit model appropriate for modeling pension?
- Estimate a Tobit model explaining pension in terms of exper, age, tenure, Educ, depends, married, white, and male.
- Do whites and males have statistically significantly higher expected pension benefits?
- Add union to the Tobit model and comment on its significance.
- Does gender or race have an effect on the pension-earnings ratio?
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date: