Trade-off between Sleeping and Working
Executive Summary: Maximum 100 Words
Main Report: Maximum 1,500 words
(Excluding tables, figures, appendices and references)
Make sure the formatting of your report is consistent and appropriately structured
Overview
The importance of good quality sleep has been evidenced in the fields of mental and physical health. To better understand the economic impact of working on sleeping, the UK’s National Health Service (NHS) hires you to produce a report on the trade-off between sleeping and working. The NHS would like to know how a legislation that will lead to more hours worked in the UK will affect the sleeping patterns in the population. To do this you must identify your preferred econometric model specification. To facilitate this analysis, you should derive the best statistical relationship between hours of sleep and the explanatory variables in the data.
You must explain why a specific functional form has been chosen.
The Data Set
You have a two years of panel data of 1975 and 1981(n=150).
The following variables are included in the data set:
1. age75= age in 1975
2. educ75= years educ in '75
3. educ81= years educ in '81
4. gdhlth75 =1 if good hlth in '75, 0 otherwise
5. gdhlth81=1 if good hlth in '8, 10 otherwise
6. male=1 if male, 0 otherwise
7. marr75 =1 if married in '75, 0 otherwise
8. marr81=1 if married in '81, 0 otherwise
9. slpnap75=mins sleep wk, inc naps, '75
10. slpnap81=mins sleep wk, inc naps, '81
11. totwrk75= minutes worked per week, '75
12. totwrk81 =minutes worked per week, '81
13. yngkid75 =1 if child < 3, '75, 0 otherwise
14. yngkid81 =1 if child < 3, '81, 0 otherwise
15. ceduc=change in educ
16. cgdhlth=change in gdhlth
17. cmarr=change in marr
18. cslpnap =change in slpnap
19. ctotwrk =change in totwrk
20. cyngkid=change in yngkid
Main Project Tasks
Task 1: You will first need to generate your data set in EXCEL.
Task 2: Analyse the data estimating various sleeping equations of your choice in EXCEL.
Task 3: Prepare and submit a report on the trade-off between sleeping and working.
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