Imagine we want to understand who migrates to the United States among individuals in a foreign country.
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Question:
a) Propose and write a possible econometric model to understand the migration decision among these individuals. Make sure to clarify how you would measure the dependent variable, the nature of the independent variables.
b) How would you estimate such a model? Would you use the regression paradigm (OLS) to estimate the relationship between the decision to migrate and the characteristics of individuals? If not, what other models do you propose to estimate the model?
c)Discuss the possible problem of Omitted Variable Biases in the context of your proposed model?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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