Suppose that you have been tasked with identifying the causal eect of education on individual earnings. Suppose that the specic outcome of interest is the hourly wage, and data available for the analysis comes from the Labour Force Survey of Statistics Canada.

A list of variables from this survey can be found here:

https://www23.statcan.gc.ca/imdb/p2SV.pl?Function=getSurvVariableList&Id=1450609

Your peers suggest that one way to go about answering this question is to run a multi-variate regression where the hourly wage is modeled as depending on a vector of individual and job characteristics, including experience and the level of schooling. In a point format, briey outline what causal estimation would mean in this scenario and outline the potential limitations of the proposed approach. Each point should not exceed 100 words.