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

(A) Interpret all four structural parameters.

(B) Draw the regression results labeling the values of all intercepts and slopes.

(C) What would be the values of the structural parameters if the gender dummy was defined to be 1 if male; 0 otherwise?