Computers and Technology, 06.06.2021 23:00, shybunny7568

In this exercise, you will run multiple regressions with interaction terms. First, consider the following regression with an interaction between the two binary regressors, collgrad and union: wage = Bo + B, union, + 82collgrad; + Bunion collgrad. + this To estimate this model, generate an interaction term between collgrad and union. Use the regress command to estimate the OLS coefficients. (a) What is the base category in this model? What is the average wage for workers in this base category?
(b) What is the difference in average wage for non-college graduates in a union and non-college graduates not in a union? Please report a positive number.
(c) What is the difference in average wage for college graduates in a union and college graduates not in a union? Please report a positive number. Next, consider the following regression with an interaction term between tt1_exp and union: Inwage; = Bo + Biunion + Bottl_exp. + Bzunionxttl_exp. +. To estimate this model, generate an interaction term between ttl_exp and union. Use the regress command to estimate the OLS coefficients.
(d) For non-unionized workers, what is the average percentage change in wage when experience increases by one year?
(e) For unionized workers, what is the average percentage change in wage when experience increases by one year?

Answers: 1

Show answers

Other questions on the subject: Computers and Technology

Computers and Technology, 22.06.2019 11:30, LindseyN1

One subtask in the game is to roll the dice. explain why is roll the dice an abstraction.

Answers: 3

continue

Computers and Technology, 22.06.2019 18:00, ladyree8721

Which of the following physical laws can make the flow of water seem more realistic? a. motion b. gravity c. fluid dynamics d. thermodynamics

Answers: 2

continue

Computers and Technology, 22.06.2019 20:00, Jana1517

What is the worst-case complexity of the maxrepeats function? assume that the longest string in the names array is at most 25 characters wide (i. e., string comparison can be treated as o( class namecounter { private: int* counts; int nc; string* names; int nn; public: namecounter (int ncounts, int nnames); int maxrepeats() const; }; int namecounter: : maxrepeats () { int maxcount = 0; for (int i = 0; i < nc; ++i) { int count = 1; for (int j = i+1; j < nc; ++j) { if (names[i] == names[j]) ++count; } maxcount = max(count, maxcount); } return maxcount; }

Answers: 3

continue

Computers and Technology, 23.06.2019 18:30, erjalinalii

Janice recently received her college degree and is looking for a job. she is worried that since she just finished school, she will be required to repay her perkins and direct subsidized loans immediately. janice pulls out the paperwork she signed and reviews it again for repayment information. after reading all of the information, janice discovers that

Answers: 2

continue

Do you know the correct answer?

In this exercise, you will run multiple regressions with interaction terms. First, consider the foll...