Let kids denote the number of children over born to a woman, and let educ denote years
Question:
kids = (0 + (1 educ + u,
where u is the unobserved error.
(i) What kinds of factors are contained in u? Are these likely to be correlated with level of education?
(ii) Will a simple regression analysis uncover the ceteris paribus effect of education on fertility? Explain?
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Related Book For
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
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