Part 3 - Problem Set PDF

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Kaelen Penrod Political Science 328 Michael Barber Section 4 Nick Moffitt Problem Set 2 Part 3

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par_bin 60

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3.1

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50 kid_fam_bin

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3.2 This graph depicts the income of individuals at age 30 relative to the income their parents made at the same age. The trend illustrates that individuals whose income falls in higher percentiles usually have parents whose income also falls in higher percentiles. The more your parents made, the more you will make.

3.3 The average income of children born in 1983 to parents in the 50th income percentile is $58,164.77.

3.4 The average income of children born in 1950 to parents in the 25th income percentile is $59,792.88.

3.5 If observation (A) is in the 25th percentile, the values of 25% of all the observations are equal to or below the value of that observation (A).

3.6 If observation (A) is in the 75th percentile, it means that the values of 75% of all the observations are equal to or below that observation (A).

I worked with Will Rather on 3.1-3.2 and Kimberly Anderson on the rest.

use "C:\Users\kaelenp\Downloads\538.dta" twoway line par_bin kid_fam_bin egen mean_kid_inc = rowmean (kid_inc_p1-kid_inc_p100) tab mean_kid_inc par_inc_p50 if cohort==1983 tab mean_kid_inc par_inc_p25 if cohort==1950

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14.2

Statistics/Data Analysis

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Notes: 1.

Unicode is supported; see help unicode_advice.

2.

Maximum number of variables is set to 5000; see help set_maxvar.

3.

New update available; type -update all-

. use "C:\Users\kaelenp\Downloads\538.dta"

. twoway line par_bin kid_fam_bin . . egen mean_kid_inc = rowmean (kid_inc_p1-kid_inc_p100) . . tab mean_kid_inc par_inc_p50 if cohort==1983

|

Mean

|

Parent

| Income in | Percentile mean_kid_i | nc |

50 46609 |

Total

-----------+-----------+----------

58164.77 |

1 |

1

-----------+-----------+---------Total |

1 |

1

. . tab mean_kid_inc par_inc_p25 if cohort==1950

|

Mean

|

Parent

| Income in | Percentile mean_kid_i | nc |

25 16240 |

Total

-----------+-----------+---------59792.88 |

1 |

1

-----------+-----------+---------Total |

.

1 |

1...