EC410-9.17

EC410-9.17

EC410-9.17

Part 1

Model

The general model will be;

QLt = RB

Where,

Q = output per worker,

L = current total workers,

t = fraction of workers' output taken by the plan,

R = current total retirees,

B = benefits per retiree.

Bonus # 1:

Q = RB/ Lt

B = QLt/ r

If Q rises, B will also rise as they are positively proportional.

t = RB/ QL

If Q rises, t will decrease because they are negatively proportional.

Bonus # 2:

L/ R = B/ Qt

t = BR/ QL

t will increase if R also increases and L decreases.

B = LQt/ R

B will decrease if L decreases and R increases.

Empirics

From the given Rodney's statement, it can be said that the researcher has misunderstood the results of the research that was carried out by him. The reason of this statement is that 87 percent of the people in the hospitals are sick, while only 4 percent of people who are not in the hospitals are sick, reflects that 4 percent of people do not prefer to go to hospitals for their treatment. On the other hand, the study indicates that 87 percent of people go to or get admitted to the hospitals, which shows that most of the people prefer to go hospitals reflecting people are more concerned about their health.

Part 2

Paper 1

The paper's topic

The topic of the selected article is “The Relative Effectiveness of Tax Policy When Considering Mitigating Factors Influencing Tobacco Consumption of American Youth”.

The paper's question

What are the factors pertaining to effective tax policy which influences the tobacco consumption among the American youth?

The paper's strong points

The paper apply the regression model to the data which is appropriate as it helped the researcher in gaining knowledge of the factors pertaining to effective tax policy which influences the tobacco consumption among the American youth. The dependent variable of the study is the consumption of 18 to 24 year olds which shows that the chosen variables are relevant to the purpose of the research.

The paper's drawbacks

Although the paper seems to be perfect as it serves towards the objective of the research study, but the conclusion is not present. Therefore, if the conclusion is written then the reviewer of the study will get better understanding of the research phenomena.

Paper 2

The paper's topic

The topic of the study is “High School Graduation Rates in the Metro- Detroit Area: What Really Affects Public Secondary Education”.

The paper's question

What are ...