Question: 14. Jr (large data set) Use the data file cps.dat for the following. (a) Reestimate the model reported in Table 7.1. What changes do you

14. Jr (large data set) Use the data file cps.dat for the following.

(a) Reestimate the model reported in Table 7.1. What changes do you observe?

Estimate the marginal effect of experience on wage and compare the result to that based on Table 7.1.

(b) Estimate the model given in (7.l4). Compare the results to those inTable L4.

Test the hypothesis that the interaction between BLACK and FEMALE is significant.

(c) Estimate the model reported in Table 7.5. Discuss the results and compare them to those reported in Table 7.5. Test the hypothesis that there is no regional effect.

(d) Estimate the model in (7.16) and test the hypothesis that there is no difference between the wage equations for southern and non-southern workers.

(e) Estimate the log-linear model in (7.19). Estimate the percentage difference in wages between males and females.

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