repare a report to explain factors affecting hourly wage, starting with an OLS estimation on the following model, = 0 1 2 3 4 5 The following points should be discussed in the report. Estimate a model for the hourly wage using other variables in the workfile as regressors. Interpret the estimates and discuss the significance of the coefficients. Discuss the overall significance of the model. Test the statement that "the years of schooling and the years of work experience have the same impacts on wage." Test the statement that "there is a gap in the wage received by male and female". In a re-specified econometric model, test the statement that "an additional year of work experience have a constant impact on wage". In a re-specified econometric model, test the statement that "the return of education on wage is the same for both male and female