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In this problem we will study a canonical question in labor economics: the labor-market returns to education. We'll use wage2.dta, a dataset on wages and
In this problem we will study a canonical question in labor economics: the labor-market returns to education. We'll use wage2.dta, a dataset on wages and education for a sample of men. The relationship we want to study is Run this regression by OLS. Comment on the coefficient on educ. What prevents you from giving it a causal interpretation
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Principles of economics
Authors: N. Gregory Mankiw
6th Edition
978-0538453059, 9781435462120, 538453052, 1435462122, 978-0538453042
