Question: Using the data set College Distance described in Empirical Exercise 4.3.carry out the following exercises. a. Run a regression of years of completed education (ED)

Using the data set College Distance described in Empirical Exercise 4.3.carry out the following exercises.

a. Run a regression of years of completed education (ED) on distance to the nearest college (Dist). What is the estimated slope?

b. Run a regression of ED on Dist, but include some additional regres sors to control for characteristics of the student, the student's family. and the local labor market. In particular, include as additional regres- sors Bytest, Female, Black, Hispanic, Incomehi, Ownhome, DadColl Cue80, and Siwmfg80. What is the estimated effect of Dist on ED?

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