Question: you estimated a wage regression with the cps09mar dataset and the subsample of whiteMale Hispanics. Further restrict the sample to those never-married and live in

you estimated a wage regression with the cps09mar dataset and the subsample of whiteMale Hispanics. Further restrict the sample to those never-married and live in theMidwest region. (This sample has 99 observations.) As in subquestion

(b) let µ be the ratio of the return to one year of education to the return of one year of experience.

(a) Estimate µ and report standard errors calculated by asymptotic, jackknife and the bootstrap.

(b) Explain the discrepancy between the standard errors.

(c) Report confidence intervals for µ using the BC percentile method.

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