Question: If we generate a new variable called unmarried, setting it equal to 1 - married, and re-run eq. 3 with unmarried in place of married,

If we generate a new variable called unmarried, setting it equal to 1 - married, and re-run eq. 3 with unmarried in place of married, what will our new coefficient estimates for b0, b1, b2 and b3 be? Explain/calculate/show work.

Equation 3: ln(wagei) = b0 + b1 marriedi + b2 agei + b3 yrsEduci + ui

Original data: b0= 8.13, b1=0.44, b2= -0.001, b3 = 0.12, with R2=0.075, and sample size n=33,045.

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