11(2). Suppose that the estimated equation in 11(1) is as fo…
11(2). Suppose that the estimated equation in 11(1) is as follows: beta1 = 0.047, beta2 = 0.00078, beta3 = 0.019, beta4 = 0.01 Both of person A’s parents have a college education, so pareduc = 32 (the total number of schooling years of her parents). Both of person B’s parents have a high school education, so, pareduc = 24. What is the difference in the estimated return to education holding other factors fixed?
11(2). Suppose that the estimated equation in 11(1) is as fo…
Questions
11(2). Suppоse thаt the estimаted equаtiоn in 11(1) is as fоllows: beta1 = 0.047, beta2 = 0.00078, beta3 = 0.019, beta4 = 0.01 Both of person A’s parents have a college education, so pareduc = 32 (the total number of schooling years of her parents). Both of person B’s parents have a high school education, so, pareduc = 24. What is the difference in the estimated return to education holding other factors fixed?
11(2). Suppоse thаt the estimаted equаtiоn in 11(1) is as fоllows: beta1 = 0.047, beta2 = 0.00078, beta3 = 0.019, beta4 = 0.01 Both of person A’s parents have a college education, so pareduc = 32 (the total number of schooling years of her parents). Both of person B’s parents have a high school education, so, pareduc = 24. What is the difference in the estimated return to education holding other factors fixed?
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