Business, 27.11.2019 21:31, brookemcelhaney

2use the data in wage2.raw for this exercise. (i) estimate the model log(wage) 5 b0 1 b1educ 1 b2exper 1 b3tenure 1 b4married 1 b5black 1 b6south 1 b7urban 1 u and report the results in the usual form. holding other factors fixed, what is the approximate difference in monthly salary between blacks and nonblacks? is this difference statistically significant? (ii) add the variables exper 2 and tenure2 to the equation and show that they are jointly insignificant at even the 20% level. (iii) extend the original model to allow the return to education to depend on race and test whether the return to education does depend on race. (iv) again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and nonblack, single and black, and single and nonblack. what is the estimated wage differential between married blacks and married nonblacks?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:00, luey7990

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Answers: 3

continue

Business, 22.06.2019 15:00, nando3024

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)

Answers: 2

continue

Business, 22.06.2019 15:40, arigamez90

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price. b)an upper limit on the quantity of some good that can be bought or sold. c)a legal restriction on how high or low a price in a market may go. d)control of the price of a good by the firm that produces it.

Answers: 1

continue

Business, 22.06.2019 20:00, jessicaortiz6

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Answers: 2

continue

Do you know the correct answer?

2use the data in wage2.raw for this exercise. (i) estimate the model log(wage) 5 b0 1 b1educ 1 b2exp...