Suppose that a researcher, using wage per hour data on 250 randomly selected maleworkers and 280 female workers, estimates the following OLS regressionwage - 12.68+2.79xMale(0.18) (0.84)R = 0.06, s-3.10where Male is a dummy variable that takes the value 1 if the worker is male and 0 iffemale: s represents the standard error of the regression and in bracketshomoskedastic std errors are reported. The researcher wants to find the gender paygap as percentage bf the wagé per hour of women. According to this information thegender pay gap on average against women is approximately-22%-25%-38%O-16%

OLS regression: wage = 12.68 + 2.79 * Male Male is a dummy variable that takes value 1 if worker is…

archer, using wage per hour data on 250 randomly selected male workers and 280 female workers, estimates the following OLS regression wage - 12.68+2.79xMale (0.18) (0.84) R = 0.06, s-3.10 vhere Male is a dummy variable that takes the value 1 if the worker is male and O if emale: s represents the standard error of the regression and in brackets omoskedastic std errors are reported. The researcher wants to find the gender pay ap as percentage bf the wagé per hour of women. According to this information the ender pay gap on average against women is approximately D-22% -25% -38%

archer, using wage per hour data on 250 randomly selected male workers and 280 female workers, estimates the following OLS regression wage - 12.68+2.79xMale (0.18) (0.84) R = 0.06, s-3.10 vhere Male is a dummy variable that takes the value 1 if the worker is male and O if emale: s represents the standard error of the regression and in brackets omoskedastic std errors are reported. The researcher wants to find the gender pay ap as percentage bf the wagé per hour of women. According to this information the ender pay gap on average against women is approximately D-22% -25% -38%

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 4E

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