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is the h… Show more Using a sample of 528 observations, an

Paper help Economics is the h… Show more Using a sample of 528 observations, an

Economics

is the h… Show more Using a sample of 528 observations, an

is the h… Show more Using a sample of 528 observations, an economist estimates the following regression where is the hourly wage for the observation, measures the years of education, is the dummy variable that takes on a value of 1if the observation is female and 0 if the observation is male, and is the interaction between the two. (a) What is the interpretation of the estimated coefficient for the inter- action term? (b) What is the predicted hourly wage of a woman with 16 years of education? (c) What is the intercept in the predicted wage equation for a female observation? (d) What is the intercept in the predicted wage equation for a male observation? (e) What is the estimated return to another year of education for a man? (f) What is the estimated return to another year of education for a woman? • Show less

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