Question: Write in R code This assignment is to extend on the linear model developed in Lab 02. The equation is based on a Mincer-type model

Write in R code

This assignment is to extend on the linear model developed in Lab 02. The equation is based on a Mincer-type model of earnings: log(wages) = B + B*education + B*experience + B*(experience^2) + e

The assignment is to go through some of the other variables that are available in the Ghana dataset and include them in to the equations as controls.

log(wages) = B + B*education + B*experience + B*(experience^2) + B*control1 + ... + B*control5 + e

For each control, you will need to:

  • determine if it should enter the model as a continuous or as a factor variable
  • describe why it might be a good indicator of earnings (one sentence is good)
  • brief interpretation of the estimation results

Note: you can have all the control variables in the same equation or in 5 separate equations.

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