Question: The logarithmic transformation of wages not only improves the functional form of the regression model, it also stabilizes conditional variances. Use the 1995 CPS data

The logarithmic transformation of wages not only improves the functional form of the regression model, it also stabilizes conditional variances. Use the 1995 CPS data to compare the variances of wages and log-wages for men versus women, whites versus nonwhites, and highschool graduates versus others.

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