## (Answered)-Hi, hope all is well. I need some assistance with these couple of

Hi, hope all is well. I need some assistance with these couple of problems that will require an excel spreadsheet. Thank you!

Social Mobility Model

A study of social mobility across generations was conducted and three social levels were

identi?ed: 1= upper level (executive, managerial, high administrative, professional); 2=

middle level (high grade supervisor, non-manual, skilled manual); 3= lower level (semiskilled or unskilled). Transition probabilities from generation to generation were estimated

to be

.45 .48 .07

(1)

P = .05 .70 .25 .

.01 .50 .49

Suppose that Adam is in level 1 and Cooper is in level 3, and that each person has one

o?spring in each generation. Consider T = 50 generations. Assume sample size N = 104

and initial distribution [0.5, 0.0, 0.5].

(a) What is the long-run percentage of each social level, i.e., steady-state distribution? What

if initial distributions is [1, 0, 0] or [0, 0, 1]? Does the initial distribution matter in the long

run?

(b) Compute the probability A(t)( resp. C(t)) that the 1st, 2nd, . . . , 10th generation

o?spring of Adam (resp. Cooper) is in level 1, respectively. Graph A(t) and C(t) against

t = 1, 2, . . . , 10. What is A(10) and C(10)?

(c) On average, how many generations (mean and 95% CI) does it take for Adam?s family

to have the ?rst level 3 o?spring? On average, how many generations (mean and 95% CI)

does it take for Cooper?s family to have the ?rst level 1 o?spring?

(d) What are the social and policy implications of these results, in terms of eduction, taxation, welfare programs, etc.?

1

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Oct 07, 2020

Solution~0002163200.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

STATUS

QUALITY

Approved

Oct 07, 2020

EXPERT

Tutor