Introduction to Econometrics 3rd Edition by James Stock, James Stock

تمرين 9

Using the regression results in column (3):
a. Do there appear to be important regional differences
b. Why is the regressor West omitted from the regression What would happen if it was included
Results of Regressions of Average Hourly Earnings on Gender and Education Binary Variables and Other Characteristics Using 1998 Data from the Current Population Survey
Dependent variable: average hourly earnings (AHE). c. Juanita is a 28-year-old female college graduate from the South. Jennifer is a 28-year-old female college graduate from the Midwest. Calculate the expected difference in earnings between Juanita and Jennifer.