Use CRIME4.RAW for this exercise. (i) Add the logs of each wage variable in the data set
Question:
(i) Add the logs of each wage variable in the data set and estimate the model by first differencing. How does including these variables affect the coefficients on the criminal justice variables in Example 13.9?
(ii) Do the wage variables in (i) all have the expected sign? Are they jointly significant? Explain.
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1 B When we add the changes of the nine log wage variables to equation 1333 we obtain Alogcrmrte 020 ...View the full answer
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Related Book For 
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
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