The following regression model investigates the determinants of years of schooling. educ = Bo + B1 * motheduc + B₂ fatheduc + 3* income + ß4* ability + u where motheduc is mother's education fatheduc is father's education, sibs is number of siblings, and ability is a person's ability. Write the reparameterized model and explain how you would use it to test the hypothesis that mother's education and father's education have the same effect on years of schooling.

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The following regression model investigates the determinants of years of schooling.
educ = Bo + B₁ * motheduc + B₂ fatheduc + ß* income +84 * ability + u
where motheduc is mother's education, fatheduc is father's education, sibs is number of siblings, and ability is a person's ability.
Write the reparameterized model and explain how you would use it to test the hypothesis that mother's education and father's education have the same effect on years of schooling.
Transcribed Image Text:The following regression model investigates the determinants of years of schooling. educ = Bo + B₁ * motheduc + B₂ fatheduc + ß* income +84 * ability + u where motheduc is mother's education, fatheduc is father's education, sibs is number of siblings, and ability is a person's ability. Write the reparameterized model and explain how you would use it to test the hypothesis that mother's education and father's education have the same effect on years of schooling.
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