Question: Use the data in CARD.RAW for this exercise. (ii) Estimate the equation by 2SLS, adding nearc2 as an instrument. Does the coefficient on educ change

Use the data in CARD.RAW for this exercise.

(ii) Estimate the equation by 2SLS, adding nearc2 as an instrument. Does the coefficient on educ change much?
(iii) Test the single over identifying restriction from part (ii).

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