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You suspect that men may have different elasticities of wages with respect to education and with respect to experience than women.
You suspect that men may have different elasticities of wages with respect to education and with respect to experience than women.
a)Specify the regression model, labeling all variables and coefficients.
b). Write an expression for a woman's percent change in wages for a one percent change in experience, keeping education fixed.
c.).Write an expression for a man's percent change in wages for a one percent change in education, keeping experience fixed.
D.)A man and a woman both have 10 years of experience. Derive an expression for the
level of education at which you would expect them to have the same wages.
E).A man and a woman both have 20 years of education. Derive an expression for the
level of experience at which you would expect them to have the same wages.
F). Find an expression for the difference in wages between a man and a woman with the same level of education (16 years) and experience (10 years)
