N7

QUESTION 3 Consider the following regression model: In(wage)=B:+B:marrmale+B.marrfem+B.singfem+B.In(edu)+u. where wage is the hourly wage measured in dollars; marrmale is a dummy variable for married males; marrfem is a dummy variable for married females; singfem is a dummy variable for single females; and edu is the years of education. The parameter estimates for B parameters are B.=1; 8.=0.02; p.=0.015; B.=0.01; B.=1. What is the predicted wage difference between married males and married females? O a. 0.5% O b. $5 O C 59% O d. $0.5 QUESTION 4 Consider the following regression model: wage B:+B.male+B.malexedu+B.edu+u. where wage is the hourly wage measured in dollars; male is a dummy variable for males; edu is the years of education; malexedu is the interaction of male and edu variables. The parameter estimates for B parameters are B.-2.20; 8,-2.08; B.=0.29; p.=0.84. What is the predicted marginal effect of years of education for males