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Let lnw lnw be the natural log of wage, fem fem be the dummy variable for female, and educ educ be the years of schooling.
Let lnw lnw be the natural log of wage, fem fem be the dummy variable for female, and educ educ be the years of schooling. We estimated the regression lnw=9.140.23fem+0.22educ0.03femeduc+ lnw = 9.14 0.23 fem + 0.22 educ 0.03 fem educ + e where femeduc fem educ represents the product of two variables. Based on this estimate, how much does the average wage increase with one more year of education for female workers
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