Table 1 Average Hourly-Wage and Quit Rate Data Firm Average Hourly-Wage Quit Rate % A 3 43 B 4 36 35 D 6 24 E 7 31 F 8 22 G 9 25 H 10 16 I 11 21 12 7 a. Graph the data, with hourly-wages on the x-axis and quit rate (attrition) on the у-ахis. Average Hourly-Wage and Quit Rate Data 50 45 40 35 30 25 20 15 10 2 4 10 12 14 Hourly-wages b. Write down the econometric model you would use to estimate the effects of an additional year of education on the hourly wage. What is the expected sign of the coefficient of hourly-wages? Quit rate (%)

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Table 1
Average Hourly-Wage and Quit Rate Data
Firm
Average Hourly-Wage
Quit Rate %
A
3
43
B
4
36
5
35
24
E
7
31
F
8.
22
G
9.
25
H
10
16
I
11
21
12
7
a. Graph the data, with hourly-wages on the x-axis and quit rate (attrition) on the
у-аxis.
Average Hourly-Wage and Quit Rate Data
50
45
40
35
30
25
20
15
10
5
2.
4
8
10
12
14
Hourly-wages
b. Write down the econometric model you would use to estimate the effects of
an additional year of education on the hourly wage. What is the expected sign
of the coefficient of hourly-wages?
Quit rate (%)
Transcribed Image Text:Table 1 Average Hourly-Wage and Quit Rate Data Firm Average Hourly-Wage Quit Rate % A 3 43 B 4 36 5 35 24 E 7 31 F 8. 22 G 9. 25 H 10 16 I 11 21 12 7 a. Graph the data, with hourly-wages on the x-axis and quit rate (attrition) on the у-аxis. Average Hourly-Wage and Quit Rate Data 50 45 40 35 30 25 20 15 10 5 2. 4 8 10 12 14 Hourly-wages b. Write down the econometric model you would use to estimate the effects of an additional year of education on the hourly wage. What is the expected sign of the coefficient of hourly-wages? Quit rate (%)
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