8 Consider the following regression model:wage-Bi+Bamale+Bamalexedu+Bieduru,where wage is the hourly wage measured in dollars: male is a dummy variable for males: edu is the years of education maleredu is the interaction ofmale and edu variables. The parameter estimates for Bparameters are B-2.88: Be-0.53: B-0.35: B-0.71. What is the predicted marginal effect of yearsof education for females? Give exact number for the answer. Le. do not approximate.

* SOLUTION :- (8) From the given information the answer is provided as below ,

Consider the following regression model: wage-Bi+Bamale+Bamalexedu+Bieduru, where wage is the hourly wage measured in dollars male is a dummy variable for males: edu is the years of education malexedu is the interaction of male and edu variables. The parameter estimates for Bparameters are B-2.88: Be-0.53: B-0.35: B-0.71. What is the predicted marginal effect of years of education for females? Give exact number for the answer. Le. do not approximate.

Consider the following regression model: wage-Bi+Bamale+Bamalexedu+Bieduru, where wage is the hourly wage measured in dollars male is a dummy variable for males: edu is the years of education malexedu is the interaction of male and edu variables. The parameter estimates for Bparameters are B-2.88: Be-0.53: B-0.35: B-0.71. What is the predicted marginal effect of years of education for females? Give exact number for the answer. Le. do not approximate.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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