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jmbejara / comp-econ-sp18

Main Course Repository for Computational Methods in Economics (Econ 21410, Spring 2018)
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Q10: Strict inequalities vs weak inequalities #42

Closed jmbejara closed 6 years ago

jmbejara commented 6 years ago

In Q10, I don't specifiy whether to use strict (<) or weak inequalities (<=). This could be the cause of some of the slight differences in results that some of you are having. For what it's worth, I'm using strict (<) inequalities.

isabelalmazan commented 6 years ago

Hi Jeremy, in Q11, we're using 'real_wage' to create the new 'median_wages' and 'ave_wages', but what are we basing 'employment' off of? The Boolean variable of whether they are in the labor force?

jmbejara commented 6 years ago

HI Isabel. Yes, that's correct. My intention was for you to use in_labor_force to measure employment. Also, as a note, when you do, be sure to take a weighted average of in_labor_force.