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Department of Economics	Economics 1123 Harvard University	Fall 2020 Midterm Exam 9:00 a.m., Wednesday October 24, 2018 PACKET 2 Solutions in Calibri 11 Part 1 – USE BLUE BOOK #1 (60 points)
Exam (elaborations) • 10
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• 2024
Department of Economics	Economics 1123

Harvard University	Fall 2020



Midterm Exam

9:00 a.m., Wednesday October 24, 2018



PACKET 2





Solutions in Calibri 11



Part 1 – USE BLUE BOOK #1 (60 points)



1)	Consider regressions (1) and (2).

a)	(5 points) Interpret the coefficient on license in regression (1), in which the dependent variable is wage.



The mean wage for workers with a license is $2.76 higher than for those without a license.



b)	(5 points) Based on the evidence in the ...
Department of Economics	Economics 1123 Harvard University	Fall 2020 Midterm Exam 9:00 a.m., Wednesday October 24, 2018 PACKET 2 Solutions in Calibri 11 Part 1 – USE BLUE BOOK #1 (60 points)
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ago
Department of Economics	Economics 1123

Harvard University	Fall 2020



Midterm Exam

9:00 a.m., Wednesday October 24, 2018



PACKET 2





Solutions in Calibri 11



Part 1 – USE BLUE BOOK #1 (60 points)



1)	Consider regressions (1) and (2).

a)	(5 points) Interpret the coefficient on license in regression (1), in which the dependent variable is wage.



The mean wage for workers with a license is $2.76 higher than for those without a license.



b)	(5 points) Based on the evidence in the ...