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Attached below is the Stata information of WAGE1.raw reg lwage female educ exper tenure Source SS df MS Number of obs 526 11 1I F(4,
Attached below is the Stata information of WAGE1.raw reg lwage female educ exper tenure Source SS df MS Number of obs 526 11 1I F(4, 521) 84.07 Model 58 . 1853046 14.5463261 Prob > F 3. 0090 Residual 90 . 1444572 521 . 173021991 R-squared 0 . 3923 Adj R-squared 0 . 3876 Total 148.329762 525 . 28253288 Root MSE . 41596 lwage Coefficient Std. err. t P>It| [95% conf. interval] female -. 3011459 . 0372456 -8. 09 0.000 -. 3743158 -. 2279759 educ . 0874623 . 0069389 12 . 60 0.000 0738307 . 101094 exper 0046294 0016271 2 . 85 0. 005 0014328 007826 tenure 017367 . 0029762 5.84 0. 000 .0115201 0232138 cons . 5013479 . 1019024 4.92 0.000 3011579 . 701538 Variables: wage: hourly wage educ: years of educ exper: years of labor market experience tenure: years with current employer female (=1 if female) married (=if married) Note: Assume that experience have a non-linear effect on wage QUESTION: Suppose the wage model, Iwage or log(wage) as dependent variable with educ, exper and tenure as explanatory variables. Given this information, interpret the resulting slope coefficients
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