Question: Consider the following estimated model, where the dependent variable is the log of the hourly wage: log(wage) = 0.417 -0.238female +0.17 educ +0.0232 exper+0.0295tenure female

Consider the following estimated model, where the

Consider the following estimated model, where the dependent variable is the log of the hourly wage: log(wage) = 0.417 -0.238female +0.17 educ +0.0232 exper+0.0295tenure female = 1 if the person is female, and O if the person is male educ = level of education, in years exper = level of expertise, in years tenure = duration of tenure, in years Given that the above regression model has 313 observations, then its degrees of freedom is equal to For the same levels of expertise and tenure, and holding all other factors fixed, return to one more year of education for women is

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