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Suppose that a researcher considers the following regression model, (1) INC i = 0 + 1 FEM i + 2 MARRIED i + 3 AGE
Suppose that a researcher considers the following regression model,
(1) INCi = 0 + 1FEMi +2MARRIEDi +3AGEi + i
where INCi is individual is annual income ($/year), AGEi is is age, and FEMi and MARRIEDi are dummy variables representing, respectively, is gender (FEMi = 1 if i is female and 0 if male) and marital status (MARRIEDi = 1 if i is married, and 0 if not married).
In this model, which of the following is the base (or reference) case?
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