Question: Section 1.7 asserts that, based on the regression in figure 1.1, Two otherwise similar individuals would have to differ in age by about 27 years

Section 1.7 asserts that, based on the regression in figure 1.1, “Two otherwise similar individuals would have to differ in age by about 27 years in order to achieve an earnings differential similar to that between an otherwise similar black and white individual of the same age.”

(a) Reproduce this calculation, based on the slopes in figure 1.1.

(b) How many years older would a woman have to be in order to have the same income as an otherwise similar man?

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