Question: (iv) Write a model with the exclusiOn restrictions correSponding to a null hypothesis that the total amount of a parents education has no effect on

null hypothesis that the total amount of a parents education has no

effect on wages. This estimated model will have a R2 = 0.1552.

Using this, test the null at the 5% level. The following model

(iv) Write a model with the exclusiOn restrictions correSponding to a null hypothesis that the total amount of a parents education has no effect on wages. This estimated model will have a R2 = 0.1552. Using this, test the null at the 5% level. The following model allows the return to education to depend upon the total amount of both parent's education pareduc = meduc + feduc: log(wage) = Bo + Bieduc + Bzpareduc + Bseduc x pareduc + BAexper + Bsexper + Botenure + u

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