Question: Suppose that information about gender is coded as 1 if the person is female, and 0 otherwise. Consider the following simple model of hourly wage

Suppose that information about gender is coded as "1" if the person is female, and "0" otherwise. Consider the following simple model of hourly wage determination: wage = 0 0female 1educ u, educ stands for years of schooling. Which of the following pertains to the meaning of 0 ? (Hint: Assume that there is the same amount of education and no omitted variables that are correlated with gender.) Check all that apply. 0 reflects the wage difference based on gender only. 0 reflects the wage difference based on both education and gender. 0 reflects the wage difference based on level of education only. 0 determines whether there is wage discrimination against women. The orange curve on the following graph depicts the hourly wage of men. Suppose that in the above model of hourly wage determination, 0>0

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