Select a $50\mathrm{\%}$ random subsample of the Section 4.9.6 data on earnings and education, and reproduce as much of Table 4.5 as possible and provide appropriate interpretation.

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Table 4.5. Returns to Schooling: Instrumental Variables Estimates" OLS IV Schooling (s) 0.073 0.132 (0.004) (0.049) R 0.304 0.207 Shea's partial R 0.006 8.07 First-stage F-statistic for s a Sample of 3,010 young males. Dependent variable is log hourly wage. Coefficient and standard error for schooling given; esti- mates for experience, experience squared, 26 control variables, and an intercept are not reported. For the three endogenous re- gressors-schooling (s), experience (e), and experience squared (e) - the three instruments are an indicator for whether a four- year college (col) is nearby, age, and age squared. The partial R and first-stage F-statistic are weak instruments diagnostics explained in the test.