Question
In the earnings regression below, B 1 is estimated to be 0.12 and B 2 is estimated to be -0.08. Answer the questions that follow.
In the earnings regression below, B1 is estimated to be 0.12 and B2 is estimated to be -0.08. Answer the questions that follow.
lnW = B0 + B1Education + B2 FEMALE + error
A. What is the estimated returns to education? Be specific and interpret it verbally.
B. What is the precise interpretation for the finding that B2 is estimated to be -0.08? Is there any evidence of gender wage discrimination?
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
