Question: In the model log(wage) = + leduc + 2exper + u, suppose that exper is exogenous, and (motheduc, fatheduc) are instruments for educ. We

In the model log(wage) = + leduc + 2exper + u, suppose

that exper is exogenous, and (motheduc, fatheduc) are instruments for educ. We

In the model log(wage) = + leduc + 2exper + u, suppose that exper is exogenous, and (motheduc, fatheduc) are instruments for educ. We may test the null hypothesis that (motheduc, fatheduc) are both exogenous by the statistic nR2, where n is the sample size and R2 is the R-squared from the regression of the 2SLS residual uh on Select one: C) C) b. d. (motheduc, fatheduc). (motheduc, fatheduc, educ). (motheduc, fatheduc, educ, exper). (motheduc, fatheduc, exper)

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