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The following model is a simplified version of the multiple regression model used by Biddle and Hamermesh (1990) to study the tradeoff between time spent sleeping and working and to look at other factors affecting sleep: sleep 5 b0 1 b1totwrk 1 b2educ 1 b3age 1 u, where sleep and totwrk (total work) are measured in minutes per week and educ and age are measured in years. (i) If adults trade off sleep for work, what is the sign of b1? (ii) What signs do you think b2 and b3 will have?

Microeconomics, Economics

  • Category:- Microeconomics
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