Use the data in WAGES.XLS and statistical software run to run a regression where wages are explained by a constant term, education, experience, and a dummy variable for gender.

Name Variable WAGES Wages LNWAGES The natural logarithm of wages ED Education in years NONWH 1 If nonwhite; 0 otherwise FEM 1 If nonmale; 0 otherwise MARRIED 1 If married; 0 otherwise EXPER Experience in years EXPSQ Experience squared UNION 1 If union member; 0 otherwise PRO 1 If employed in a profession; 0 otherwise

(A) Interpret the coefficient on education.
(B) Interpret the coefficient on the dummy variable.