7.1 Add * (5%) and ** (1%) to the table to indicate the statistical significance of the...

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7.1 Add * (5%) and ** (1%) to the table to indicate the statistical significance of the coefficients.

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The data set consists of information on over 10000 full-time, full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor’s degree. The workers’
ages ranged from 25 to 40 years. The data set also contains information on the region of the country where the person lived, and the individual’s gender and age.
For the purposes of these exercises, let AWE = logarithm of average weekly earnings (in 2007 units)
High school = binary variable (1 if High school, 0 if less)
Male = binary variable (1 if male, 0 if female)
Age = age (in years)
North = binary variable (1 if Region = North, 0 otherwise)
East = binary variable (1 if Region = East, 0 otherwise)
South = binary variable (1 if Region = South, 0 otherwise)
West = binary variable (1 if Region = West, 0 otherwise)

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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