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questionln(wage) = 0 + 1educ+ 2exper+ 3exper2 + 4abil+ 5motheduc+ 6fatheduc+u, where wage is hourly wage, educ is years of education, exper is years of

questionln(wage) = 0 + 1educ+ 2exper+ 3exper2 + 4abil+ 5motheduc+ 6fatheduc+u,

  1. where wage is hourly wage, educ is years of education, exper is years of work experience, exper2 is the square of exper, abil is a measure of ability, motheduc is mothers years of education, and fatheduc is fathers years of education.
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Call: lmeormula = log(wage) ~ educ + polyCexper, 2, raw abil + motheduc + fatheduc, data = HTV_P51) Residuals: Min 1Q Median 3Q Max 2.27344 -0.27790 0.03221 0.31136 1.80935 Coefficients: Estimate Std. Error t (Intercept) 0.083962 0.235640 educ 0.097242 0.010212 polyCexper, 2, raw = TRUE)1 0.099758 0.026445 polyCexper, 2, raw = TRUE)2 0.002931 = TRUE) + value Pr(>|t|) 0.356 0.721665 9.523

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