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Consider the model: log(wage) = +
female +
exper +
female * exper + u, where exper is the years of work experience, and female is a dummy variable (1 if the person is female, and 0 otherwise) . Which of the following measures the difference in the return of experience between men and women?
Rapid Change
A situation or event that evolves quickly over a short period of time, often with profound effects.
Continuance Commitment
Commitment based on the costs that would be incurred in leaving an organization or a lack of suitable job alternatives.
Pension Fund
A pool of funds accumulated to pay employees' retirement benefits, contributed by employers, employees, or both.
Employment Time
The duration or period a person is engaged in work or holds a job.
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