Question
Suppose you are interested in investigating the determinants of earnings. earnings = 0 + 1 education + 2 female + Where earnings is measured in
Suppose you are interested in investigating the determinants of earnings. earnings = 0 + 1 education + 2 female + Where earnings is measured in dollars, education is measured in years, and female is a dummy variable taking value 1 if female. Suppose you now instead measure education in months. What would the new regression coefficients look like?
a. earnings = 0 + 12 1 education_in_months + 2 female +
b. earnings = 0 + 1 /12 education_in_months + 2 female +
c. earnings = 12 0 + 12 1 education_in_months + 12 2 female +
d. earnings = 0 /12 + 1 /12 education_in_months + 2 /12 female +
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