This problem is inspired by a study of the gender gap in earnings in top corporate...

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This problem is inspired by a study of the "gender gap" in earnings in top corporate jobs [Bertrand and Hallock (2001)]. The study compares total compensation among top executives in a large set of U.S. public corporations in the 1990s. (Each year these publicly traded corporations must report total compensation levels for their top five executives.) Let Female be an indicator variable that is equal to 1 for females and 0 for males. A regression of the logarithm of earnings onto Female yields In(Earnings) 6.58-0.41Female, SER=2.59. (0.01) (0.05) Calculate the average hourly earnings for top male and female executives. The hourly earnings for top male executives is $ The hourly earnings for top female executives is $ per hour. (Round your response to two decimal places.) per hour. (Round your response to two decimal places) This problem is inspired by a study of the "gender gap" in earnings in top corporate jobs [Bertrand and Hallock (2001)]. The study compares total compensation among top executives in a large set of U.S. public corporations in the 1990s. (Each year these publicly traded corporations must report total compensation levels for their top five executives.) Let Female be an indicator variable that is equal to 1 for females and 0 for males. A regression of the logarithm of earnings onto Female yields In(Earnings) 6.58-0.41Female, SER=2.59. (0.01) (0.05) Calculate the average hourly earnings for top male and female executives. The hourly earnings for top male executives is $ The hourly earnings for top female executives is $ per hour. (Round your response to two decimal places.) per hour. (Round your response to two decimal places)

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To calculate the average hourly earnings for top male and female executives we need to convert the r... View the full answer