Question: I will attach my question. Exercise 12.19 To estimate ,6 in the model y: = 11-16 + a; with x; scalar and endogenous, with household

I will attach my question.

Exercise 12.19 To estimate ,6 in the model y: = 11-16 + a; with x; scalar and endogenous, with household level data. you want to use as an the instrument the state of residence. [a] 1What are the assumpn'ons needed to justify this choice of instrument? [b] Is the model just identied or overidentied

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