Question: (large data set) Use the data file cps4.dat for the following: (a) Estimate the model used in Table 7.4. (i) Test the null hypothesis that

(large data set) Use the data file cps4.dat for the following:

(a) Estimate the model used in Table 7.4. (i) Test the null hypothesis that the interaction between BLACK and FEMALE is statistically significant. (ii) Test the null hypothesis that there is no regional effect.

(b) Estimate the model used in Table 7.4 using ln(WAGE) as the dependent variable rather than WAGE. (i) Discuss any important differences in results between the linear and log-linear specifications. (ii) Test the null hypothesis that the interaction between BLACK and FEMALE is statistically significant. (iii) Test the null hypothesis that there is no regional effect.

(c) Estimate the models used in Table 7.5. Carry out the test for the null hypothesis that there is no difference between wage equations for southern and nonsouthern workers.

(d) Estimate the models used in Table 7.5 using ln(WAGE) as the dependent variable rather than WAGE. (i) Discuss any important differences in results between the linear and log-linear specifications. (ii) Carry out the test for the null hypothesis that there is no difference between wage equations for southern and nonsouthern workers.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Econometrics Questions!

#1. Use the data file cps4.dat for the following: (i)Estimate the following model: WAGE=+EDUC+BLACK+FEMALE+BLACKFEMALE+SOUTH+MIDWEST+WEST+. (i) Test the null hypothesis that the interaction between...

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...

Location Income ($1,000) Urban 27 Rural 25 Suburban 25 Suburban 26 Rural 30 Urban 29 Rural 33 Urban 30 Suburban 32 Urban 34 Urban 35 Urban 40 Rural 30 Rural 33 Urban 42 Suburban 32 Urban 43 Urban 43...

Ex 11-2... question is attached... Exercise 11-22 Break-even sales and sales mix for a service company Yellow Dove Airways provides air transportation services between Portland and Minneapolis. A...

The Journal of Forensic Psychiatry & Psychology Vol. 21, No. 1, February 2010, 1-22 RESEARCH ARTICLE Condence and accuracy in assessments of short-term risks presented by forensic psychiatric...

Journal of Autism and Developmental Disorders, Vol. 32, No. 3, June 2002 ( 2002) Descriptive Epidemiology of Autism in a California Population: Who Is at Risk? Lisa A. Croen,1,3 Judith K. Grether,1...

JPMA-01726; No of Pages 12 Available online at www.sciencedirect.com ScienceDirect International Journal of Project Management xx (2015) xxx - xxx www.elsevier.com/locate/ijproman Does Agile work? A...

CoursHeroTranscribedText: PSYC 355 SPSS CUMULATIVE ASSESSMENT INSTRUCTIONS CHERISE TURNER PSYC 355-D03 The following research questions can be answered using 1 of the 5 tests you have learned so far:...

List some benefits and drawbacks of an anticipatory standard compared to a reactionary standard.

For this assignment id like to just have a introduction ; a conclusion as well as a table of contents page no need to complete the assignment. Assignment Instructions Answer the following questions....

Perform steps of the accounting process in a double entry accounting system for both a service and merchandising business. Apply accounting principles and concepts to ethical situations. Calculate...

A twin who makes a long trip at relativistic speeds returns younger than her stay-at-home twin sister. Could she return before her twin sister was born? Defend your answer.