Mathematics, 09.12.2021 03:10, kaylastronaut

(25)Suppose we are given a data set where wage is capped at $50 per hour. We first run an OLS estimation of the effect of education on wages. Next we run a censored regression model. How would you expect the coefficient on education to change and why

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(25)Suppose we are given a data set where wage is capped at $50 per hour. We first run an OLS estima...