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QUESTION
A researcher estimates the following wage equation: ln ???? = ????0 + ????1???? Where F is a binary variable equal to 1 if an individual is female
A researcher estimates the following wage equation: ln ???? = ????0 + ????1???? Where F is a binary variable equal to 1 if an individual is female and 0 if otherwise. He estimates that ????1 = −0.60. Interpret and critique this result.
