Question: C7.2 Use the data in WAGE2.RAW (i) Estimate the model decide whether this gener- Bexper+Batenure + Bmarried PP REVIEW OYO FOR SPECL + Bsblack +

C7.2 Use the data in WAGE2.RAW (i) Estimate the model decide whether this gener- Bexper+Batenure + Bmarried PP REVIEW OYO FOR SPECL + Bsblack + Besouth + B-urban + u and report the results in the usual form. Holding other factors fixed, what is the approximate difference in monthly salary between blacks and non- blacks? Is this difference statistically significant? Add the variables exper and tenure to the equation and show that they are jointly insignificant at even the 20% level. Extend the original model to allow the return to education to depend on race and test whether the return to education does depend Again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and nonblack, single and black, and single and nonblack. What is the estimated wage differential between married blacks and married nonblacks?

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