Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Return to Education and the Gender Gap Dependent variable: logarithm of Hourly Earnings. 0.1001 (0.0011) 0.432 (0.024) 0.0121 (0.0017) 0.1050 (0.0009) -0.263 Years of

image text in transcribed
The Return to Education and the Gender Gap Dependent variable: logarithm of Hourly Earnings. 0.1001 (0.0011) 0.432 (0.024) 0.0121 (0.0017) 0.1050 (0.0009) -0.263 Years of education 0.1035 (0.0009) 0.1124 (0.0012) Female 0.451 (0.004) (0.024) Female x Years of education Potential experience Potential experience2 0.0134 (0.0017) 0.0133 0.0012) -0.000237 (0.000023) Midwest -0.095 (0.006) (0.006) 0.026 South -0.092 West (0.007) 1.468 1.697 (0.016) 0.258 Intercept 533 (0.012) 0.208 1.629 (0.012) (0.023) R2 0.258 0.267 The sample size is 52,970 observations for each regression. Female is an indicator variable that equals 1 for women and 0 for men. Midwest, South, and West are indicator variables denoting the region of the United States in which the worker lives: For example, Midwest equals 1 if the worker lives in the Midwest and equals 0 otherwise (the omitted region is Northeast). Standard errors are reported in parentheses below the estimated coefficients. Individual coefficients are statistically significant at the .5% or .. 1% significance level. Scenario A Consider a man with 16 years of education and 4 years of experience who is from a western state. Use the results from column (4) of the table and the method in Key Concept 8.1 to estimate the expected change in the logarithm of average hourly earnings (AHE) associated with an additional year of experience assoc ated with an additional year of experience is % Round your response to two The expected change in the log arit n of average hourly earnings AH decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Identify the types of informal reports.

Answered: 1 week ago

Question

Write messages that are used for the various stages of collection.

Answered: 1 week ago