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Unformatted text preview: w2): reg e1w1r1 . Then we see that the coefficient of the relative wage is .7373911 . Then in order to test the hypothesis we use the command: testw1  .7373911 . From this result we see that this is a very unlikely probability with a probability of 0% and an F distribution (1,1107) = 2521.11. Therefore, it is very unlikely the coefficient of ones own wage will equal the coefficient of the relative wage....
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This note was uploaded on 09/04/2011 for the course ECON 140a taught by Professor Staff during the Fall '08 term at UCSB.
 Fall '08
 Staff

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