Watch
Announcements
#1
So my lecturer isn't providing any answers to the past paper questions, so would massively appreciate it if you would help me for this one.

The questions are:

A cross-sectional study suggests the following wage equation:
ln(wage)= a + B1EDUC + B2EDUC^2 +B3FEMALE +B4EXPER +B5EXPER*FEMALE + e

(don't know how to get the alpha and beta symbols on here)
FEMALE is a dummy which = 1 if the respondent is female

a) Differentiate ln(wage) with respect to EDUC and interpret your result
b) Differentiate ln(wage) with respect to EXPER and interpret your result

so I think I've done the differentiate part right, for A I got B1 + 2B2EDUC, which I have no idea how to interpret, and for B I got B4+B5FEMALE, but how do I interpret these, if they are correct?
Thanks
0
X

new posts
Back
to top
Latest
My Feed

### Oops, nobody has postedin the last few hours.

Why not re-start the conversation?

see more

### See more of what you like onThe Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

### Poll

Join the discussion

#### How would you feel if uni students needed to be double vaccinated to start in Autumn?

I'd feel reassured about my own health (33)
15.21%
I'd feel reassured my learning may be less disrupted by isolations/lockdowns (66)
30.41%
I'd feel less anxious about being around large groups (25)
11.52%
I don't mind if others are vaccinated or not (18)
8.29%
I'm concerned it may disadvantage some students (12)
5.53%
I think it's an unfair expectation (60)
27.65%
Something else (tell us in the thread) (3)
1.38%