Question: Consider the model w = 1 + 2 e + 3 o 5 0 + u , ( w = beta 1 + beta 2
Consider the model weouw beta beta e beta o u where w is the natural logarithm of hourly wage, e is the education level in years o if the person is more than years of age, and o if the person's age is years or less.
After fitting the model, the researcher obtained betaHat What is the most appropriate comment on this estimate of
Group of answer choices
There is age discrimination; for people over years old, their wage is expected to be lower than people aged or lower, ceteris paribus.
None of the above.
There is age discrimination; the impact of education on wage is less for people older than ceteris paribus.
There is age discrimination, which means that as you get one year older o increase by unit your wage is expected to decrease by about ceteris paribus
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