Use the data in cps91.dta for this question. These data are for married women. nwifeinc is the
Question:
Use the data in cps91.dta for this question. These data are for married women. nwifeinc is the woman's nonwage income (i.e. other sources of income, which includes husband's earnings) measured in thousands of dollars; educ and exper are the woman's years of education and prior experience, respectively; kidslt6 is the number of children less than six years old. We also have information on each husband's income and demographics.
Estimate the model
husearns = β0 + β1huseduc +β2husage + β3hushrs +β4husuion + u by OLS and report the results in equation form. Also report both the usual and heteroskedasticity-robust standard errors in parentheses and brackets, respectively. Which of the control variables are statistically significant at the 5% level against the two-sided alternative? Does it matter which standard errors are used?
Horngrens Accounting
ISBN: 978-0133866889
11th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura