Suppose that we have fitted a multiple OLS regression: EARNINGS-25+0.5F+3C where the dependent variable is hourly earnin
Posted: Wed Jul 06, 2022 12:14 pm
Suppose that we have fitted a multiple OLS regression: EARNINGS-25+0.5F+3C where the dependent variable is hourly earnings (in dollars), F-1 if the individual is a female and F-0 the individual is a male, and C-1 if the individual is a college (or above) student and C-0 if the individual is not a college student. Fill in the following blanks: 1. Expected hourly earnings for a male individual who has a college (or above) degree: 2. Expected hourly earnings for a male individual who does not have a college (or above) degree: 3. Extra expected hourly earnings for an individual with college degree over an individual without a college degree, irrespective of gender 4. Extra expected hourly earnings for a male individual over a female individual, irrespective of having college degree or not