The data set project.raw contains 3563 observations drawn from the Merged Outgoing Rotation Group file of the
Question:
The data set project.raw contains 3563 observations drawn from the Merged Outgoing Rotation
Group file of the 1999 Current Population Survey with the following variables:
Lnwage = log of hourly wage
Yreduc = years of education
Age16 = age – 16
Age16sq = Age16 squared
Female = dummy, =1 if female, =0 if male
Race = dummy, =1 if Caucasian, =2 if African-American
To upload the data set into Stata, issue the following command from the command window:
In file Lnwage Yreduc Age16 Age16sq Female Race using "where ever you save the data
set\project.raw"
Before running any of the following regressions, create a dummy variable AfAm that equals 1 if the person is African-American and 0 if the person is Caucasian. To crate the dummy variable, issue the following commands: generate AfAm = 1 replace AfAm = 0 if Race == 1
(i) Regress Lnwage on Yreduc, Age16, Age16sq, Female, and AfAm. Interpret each parameter of this regression (including the intercept).Essentials of Business Statistics Communicating With Numbers
ISBN: 978-0078020544
1st edition
Authors: Sanjiv Jaggia, Alison Kelly