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a. Calculate the labor supply elasticities for each labor supply model b. Present the results in a table where the columns refer to the two

a. Calculate the labor supply elasticities for each labor supply model b. Present the results in a table where the columns refer to the two results of the two models and the rows are the coefficient estimates with their standard errors. Use asterisks corresponding to each estimate as follows: *** Significant at 1 % level ** Significant at 5 % level * Significant at 10 % level c. Write a paragraph describing the table and a second paragraph interpreting the results and comparing the two models. d. What do the results say about the effect of schooling and age on earnings

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