ECON 2300: INTRODUCTORY ECONOMETRICS Coordinator: Dr. Dong-Hyuk Kim Research Project 1 Due: 5 pm on 23 April Background You are interested in estimating the effect of education on earnings. The data file cps4 small . dta contains 1,000 observations on hourly wage rates, education, and other variables from the 2008 Current Population Survey (CPS): . wage: earnings per hour educ: years of education exper: post education years experience hrswk: working hours per week . married: dummy for married . female: dummy for female . metro, midwest, south, west: location dummies . black: dummy for black . asian: dummy for Asian Submission of your report Your report must be single-spaced and in 12 Font size. You should give your answer to each of the following questions following a similar format of the solutions to the tutorial problem sets. When you are required to use R, you must show your R command and R. outputs (screenshots or figures generated from R.). You will lose 2 points whenever you fail to provide R commands and outputs. For each question, when you are asked to discuss or interpret, your answer has to be brief and compact. You will lose 2 points if your answer is needlessly wordy. You must upload your assignment on the course webpage (Blackboard) in PDF format. (Do not submit a hard copy.)