Your Textbook Presents as an Example of a Distributed Lag

question 31

Essay

Your textbook presents as an example of a distributed lag regression the effect of the weather on the price of orange juice. The authors mention U.S. income and Australian exports, oil prices and inflation, monetary policy and inflation, and the Phillips curve as other potential candidates for distributed lag regression. You are considering estimating the effect of minimum wages on teenage employment (employment population ratio)using a time series of U.S. data. Write a short essay on whether a distributed lag model would be a suitable tool to figure out dynamic causal effects in this case.

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Definitions:

Scapegoating

The practice of singling out one person or group for unmerited blame or negative outcomes.

Implicit Prejudice

Unconscious biases or attitudes towards certain groups or individuals, which can affect decisions and actions without explicit awareness.

Explicit Prejudice

Explicit prejudice involves conscious, openly expressed negative beliefs or attitudes toward a group based on characteristics such as race, gender, or ethnicity.

Unconscious Patronization

The phenomenon where individuals unknowingly treat a member of a marginalized group in a condescending or diminutive manner.