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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 12
In the wage equation in Example 14.4, explain why dummy variables for occupation might be important omitted variables for estimating the union wage premium.
(ii) If every man in the sample stayed in the same occupation from 1981 through 1987, would you need to include the occupation dummies in a fixed effects estimation Explain.
(iii) Using the data in WAGEPAN.RAW, include eight of the occupation dummy variables in the equation and estimate the equation using fixed effects. Does the coefficient on union change by much What about its statistical significance
(ii) If every man in the sample stayed in the same occupation from 1981 through 1987, would you need to include the occupation dummies in a fixed effects estimation Explain.
(iii) Using the data in WAGEPAN.RAW, include eight of the occupation dummy variables in the equation and estimate the equation using fixed effects. Does the coefficient on union change by much What about its statistical significance
Explanation
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(i)
In the wage equation in which 
is th...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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