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Consider the following model: 10900: 30 + 3152' + 32109031) + 61' where Y;- denotes the mean hourly wage for individual 2', Si denotes the
Consider the following model: 10900: 30 + 3152' + 32109031) + 61' where Y;- denotes the mean hourly wage for individual 2', Si denotes the number of years of education individual i has completed, and B- denotes mother's education. Question 1 0.0/1.0 point (graded) Which of the following statements are true? Select all that apply. [3'1 is the elasticity of wage with respect to education. Each additional year of education leads to a (l * 100) % change in wages. [32 is the elasticity of wage with respect to mother's education. A 1% change in education leads to a 51% change in wages. A 1% change in mother's education leads to a 55% change in wages
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