The Success of Employment Applications in Ohio during the Gentlemans Recession Paper

Overview

Use the data in the accompanying spreadsheet, for the period Sept. 1890 to Dec. 1910 (not to

the end of the data), to estimate two multiple regressions in which the dependent variable is

the ratio of positions (“jobs”) secured to positions wanted for men (the first regression) and for

women (the second regression) for your city (your city code is in Grades), and the two

independent variables are time and the business cycle index.

Use the regression output to comment on

[1] Whether the ratios are affected by the business cycle;

2] Whether the ratios are particularly sensitive to the business cycle (affected by more than one-to-one); and,

[3] Whether the ratios fell by at least as much as would be predicted following the Panic of

1907. (To perform this step correctly, you will need to compare actual values of the Y-variable to

the forecast values of the Y-variable given the estimated regression and the X-variables of the

specific period of time being investigated.)