Unformatted text preview: summ wage if educ==16 s * 3 gen expesq=expe^2 reg logwage educ expe expesq r * 4 * beta2hat + 2 * beta3hat * 10 or similar * * 5 test expe=expesq=0 * do not reject * * 6 gen educsq=educ^2 reg logwage educ educsq expe expesq * the coefficient for educsq is not statistically different from zero. * the returns to education is constant across different education lelels. * log c...
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This note was uploaded on 04/04/2011 for the course ECON 401 taught by Professor Staff during the Spring '08 term at University of Washington.
- Spring '08