Results of Regressions of Average Hourly Earnings on Gender and Education Binary Variables and Other Characteristics Using 2012 Data from the Current Population Survey Dependent variable: average hourly earnings (AHE). Regressor (1) (2) (3) College (X) 8.31 (0.23) 8.32 (0.22) 8.34 (0.22) Female (X2) -3.81 (0.22) -3.80 (0.22) -3.85 (0.23) 0.51 (0.04) Age (X3) 0.52 (0.04) 0.18 (0.36) Northeast (X4) Midwest (Xs) -1.23 (0.31) -0.43 South (X6) (0.30) 17.02 1.87 2.05 Intercept (0.17) (1.18) (1.18) Summary Statistics and Joint Tests 7.38 F-statistic for regional effects = 0 9.79 9.68 9.67 SER 0.162 0.180 0.182 R2 7440 7440 7440

Results of Regressions of Average Hourly Earnings on Gender and Education Binary Variables and Other Characteristics Using 2012 Data from the Current Population Survey Dependent variable: average hourly earnings (AHE). Regressor (1) (2) (3) College (X) 8.31 (0.23) 8.32 (0.22) 8.34 (0.22) Female (X2) -3.81 (0.22) -3.80 (0.22) -3.85 (0.23) 0.51 (0.04) Age (X3) 0.52 (0.04) 0.18 (0.36) Northeast (X4) Midwest (Xs) -1.23 (0.31) -0.43 South (X6) (0.30) 17.02 1.87 2.05 Intercept (0.17) (1.18) (1.18) Summary Statistics and Joint Tests 7.38 F-statistic for regional effects = 0 9.79 9.68 9.67 SER 0.162 0.180 0.182 R2 7440 7440 7440

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

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 1E

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