Method: Date: Time: No. Observations: Df Residuals: Df Model: Covariance Type: Least Squares Wed, 23 Nov 2022 08:57:40 exper black feduc meduc coef Intercept -503.0058 educ 40.5455 IQ 3.1654 KWW 7.2094 16.2338 -59.2987 10.8278 5.0471 nonrobust std err 722 714 7 138.947 8.660 1.199 2.120 3.740 52.143 5.353 6.106 F-statistic: Prob (F-statistic): Log-Likelihood: AIC: BIC: t -3.620 4.682 2.640 3.400 4.340 -1.137 2.023 0.827 P>|t| 0.000 0.000 0.008 0.001 0.000 0.256 0.043 0.409 [0.025 How How would you interpret the coefficient on mother's education (meduc)? -775.800 23.543 0.812 3.047 8.891 -161.671 0.318 -6.941 23.83 3.31e-29 -5288.5 1.059e+04 1.063e+04 0.975] -230.212 57.548 5.519 11.372 23.577 43.074 21.338 17.035 Return Next Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $0.83 more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education.

Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). How would you interpret the coefficient on mother's education (meduc)? For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, 1Q icnowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, 1Q knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about 50.83 more per month, controiling for education, iQ knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education 1Q knowiedge of the world of work score, years of work experience, whether he's Black, and his father's education