Assume that the dummy variables Marriedal if married (0 if not married), Sex=1if male (0 if female), and that youestimate the equation:loglwage) le + B,'Married + B'Sex + B,(Married Sex).The estimated log wage for an unmarried woman can be estimated by:Bo

In econometrics models , dummy variable is used to convert the categorical variable such as gender…

Assume that the dummy variables Marriedal if married (0 if not married), Sexstif male (0 if female), and th estimate the equation Hoglwage) le + B,"Married + 8,"Sex + 8,"(Married Sex). The estimated log wage for an unmarried woman can be estimated by: Bo b. B8

Assume that the dummy variables Marriedal if married (0 if not married), Sexstif male (0 if female), and th estimate the equation Hoglwage) le + B,"Married + 8,"Sex + 8,"(Married Sex). The estimated log wage for an unmarried woman can be estimated by: Bo b. B8

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assume that the dummy variables Marriedal if married (0 if not married), Sex=1if male (0 if female), and that you
estimate the equation:
loglwage) le + B,'Married + B'Sex + B,(Married Sex).
The estimated log wage for an unmarried woman can be estimated by:
Bo

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