?**************************************** ? Problem Set 6 ? Tutorial in Microeconometrics ? Summer term 2008 ? Katrin Sommerfeld ?**************************************** options crt; freq N; read (file='L:Microeconometrics\minwage.raw') psoda1 pfries1 pburger1 wage1 emp1 psoda2 pfries2 pburger2 wage2 emp2 compown BK KFC Rogers Wendys state; msd(terse) @all; title 'New Jersey'; select state=1; ?hist(percent) wage1 wage2; msd(terse) wage1 wage2 emp1 emp2; select 1; title 'Pennsylvania'; select state=0; ?hist(percent) wage1 wage2 ; msd(terse) wage1 wage2 emp1 emp2; select 1; ? Exercise 3 title 'Restaurants with minimum wage before reform'; select state=1; select wage1=4.25; msd(terse) emp1 emp2 wage1 wage2 psoda1 pfries1 pburger1 psoda2 pfries2 pburger2; select 1; title 'Restaurants with wage between old and new minimum wage before reform'; select state=1; select wage1>4.25 & wage1<5.05; msd(terse) emp1 emp2 wage1 wage2 psoda1 pfries1 pburger1 psoda2 pfries2 pburger2; select 1; title 'Restaurants paying at least new minimum wage already before reform'; select state=1; select wage1>=5.05; msd(terse) emp1 emp2 wage1 wage2 psoda1 pfries1 pburger1 psoda2 pfries2 pburger2; select 1; ? Exercise 4 title 'New Jersey'; select state=1; msd(terse) psoda1 pfries1 pburger1 psoda2 pfries2 pburger2; select 1; title 'Pennsylvania'; select state=0; msd(terse) psoda1 pfries1 pburger1 psoda2 pfries2 pburger2; select 1; ? Exercise 5: Diff-in-Diff select state=1; msd emp1; set E1NJ=@mean; msd emp2; set E2NJ=@mean; select 1; select state=0; msd emp1; set E1PEN=@mean; msd emp2; set E2PEN=@mean; select 1; set DID=(E2NJ-E1NJ)-(E2PEN-E1PEN); print DID; ? 6. Additional Exercise: Regression of change genr DE=emp2-emp1; olsq DE c compown BK KFC Wendys state; end;