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Assume you run the regression above with actual measured values for all variables. However, you collected the data only from individuals who were 22 years
Assume you run the regression above with actual measured values for all variables. However, you collected the data only from individuals who were 22 years of age or younger. Assuming that on average someone with 16 years of education will be 22, and that the vast majority of individuals with more than 16 years of education are older than 22. What would the direction of the bias be for your coefficient estimate on education, and why
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