In chetty's paper, find the expected rank in the income distribution 30 years from now of the children of nhw parents currently at the median of the income distribution. do the same for african americans, hispanics, asians, and native americans.

the authors estimate ,
y = alpha r + beta r + e
where alpha r measures the absolute rank mobility for children of the lowest income parents and beta r measures the rate of relative mobility.

suppose that each t represents a discrete generation (approximated by 30-year periods).

our objective is to find y = alpha r + (beta r)*(yi)

where yi = 50 and (alpha r, beta r ) for each race
r are obtained from figure iii-a.

r alpha r beta r y

nhw's 36.82 .32 52.82
blacks 25.43 .28 39.43
asians 51.44 .18 60.44
hispanics 36.14 .26 49.14
amer in 25.16 .31 40.66

how about the expected rank 60 years from now (i. e., of their grandchildren)?

The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?

What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)