Question: At what level of exper does additional experience actually lower predicted ln(wage)? How many people have experience more than the turning point in this sample?
At what level of exper does additional experience actually lower predicted ln(wage)? How many people have experience more than the turning point in this sample?
lnwage = 0.128 + 0.090 (educ) + 0.041(exper) - 0.00071(exper^2)
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