ECON 2P91 Chapter Notes -Null Hypothesis, Confidence Interval, Bayesian Information Criterion
15 Dec 2014
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Lab 5 a) const educ tenure exper expersq female. Write the equation: the estimated coefficient for educ is 0. 530091, this means one movement in educ should cause 0. 530091 unit movement in ahe in the same direction. Educ, it means one additional year of education lead to sh. 53 increase in average hourly rate. Controlling for other variables: the estimated coeffient for female is -1. 79023; this means when female takes the value of one, the ahe is decreased by 1. 79023 units. This is a measure of gender discrimination, because female worker"s average hourly earnings is . 79 less than a male worker (with the same qualifications/controlling for other variables. : unrestricted regression: Model 1: ols, using observations 1-526: dependent variable: ahe f) const educ tenure exper expersq female. Ahei= 0+ 1 edu c i+ 2tenurei+ 3 experi+ 4 expersqi+ 5 femalei. H a: at least one of 1 2is not equal 0.
