Question: Use the data set CPS04 described in Empirical Exercise 4.1 to answer the following questions. a. Run a regression of average hourly earnings (AHE) on

Use the data set CPS04 described in Empirical Exercise 4.1 to answer the following questions.

a. Run a regression of average hourly earnings (AHE) on age (Age), gender (Female), and education (Bachelor). If Age increases from 25 to 26, how are earnings expected to change? If Age increases from 33 to 34, how are earnings expected to change?

b. Run a regression of the logarithm average hourly earnings, In(AHE), on Age, Female, and Bachelor. If Age increases from 25 to 26, how are earnings expected to change? If Age increases from 33 to 34, how are earnings expected to change?

e. Run a regression of the logarithm average hourly earnings, In(AHE). on In(Age), Female, and Bachelor. If Age increases from 25 to 26,

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