The data set in CEOSAL2.RAW contains information on chief executive officers for U.S. corporations. The variable salary
Question:
(i) Find the average salary and the average tenure in the sample.
(ii) How many CEOs are in their first year as CEO (that is, ceoten = 0)? What is the longest tenure as a CEO?
(iii) Estimate the simple regression model
Log (salary) = (0 + (1 ceoten+ u,
And report your result in the usual form. What is the (approximate) predicated percentage increase in salary given one more year as a CEO?
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i Average salary is about 865864 which means 865864 because salary is in thousands of dollars Av...View the full answer
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Related Book For 
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
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