Question: In the model below, the following variable definitions are used. Job Experience (S) in number of years; C is a binary variable where C=1 if
In the model below, the following variable definitions are used. Job Experience (S) in number of years; C is a binary variable where C=1 if an employee is a computer expert, else zero; and lastly, Wage Rate, Z, is measured in dollars per hour. Consider the following regression model wherein the last term on the right-hand side is an interaction between S and C, and "e" is the exponential function:
Z=8.499 S0.027 e0.12C S0.006C.
Using the above model, what are the marginal effects of Job Experience on wage rate for a computer expert and a non-computer expert? Provide numerical answers to the third decimal place, using the correct units.
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