Sketched out answers Final Econ140A 2011Fall

In principle the blackwhite gap increases with age

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Unformatted text preview: the BLACK/WHITE gap increases with age (the linear term is negative), but eventually closes up again (the square term is positive). At age 20 the gap is , or almost 14 percent. By age 40 the gap is . By age 60 the gap has narrow a bit, to 20.5 percent. Effectively, the black/white wage gap starts moderately large and grows over one’s working life....
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This test prep was uploaded on 03/19/2014 for the course ECON 140a taught by Professor Staff during the Spring '08 term at UCSB.

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