Analyzing the effect of minimum wage changes on teenage employment across the 48 contiguous U.S. states from 1980 to 2004 is an example of using
A)time series data.
B)panel data.
C)having a treatment group vs. a control group, since only teenagers receive minimum wages.
D)cross-sectional data.

Question

Quizplus · Accepted Answer

Panel data involves observing a group of individuals or entities over time, and this study involves analyzing the effect of minimum wage changes on teenage employment across the 48 contiguous U.S. states from 1980 to 2004, making panel data the best choice. Cross-sectional data involves observing individuals or entities at one point in time, while time series data involves observing a single individual or entity over time. While having a treatment group and control group is relevant, it is not the primary focus of this study.

Analyzing the Effect of Minimum Wage Changes on Teenage Employment