Pages 283-284 in Your Textbook Contain an Analysis of the "Return

question 8

Essay

Pages 283-284 in your textbook contain an analysis of the "Return to Education and the Gender Gap." Column (4)in Table 8.1 displays regression results using the 2009 Current Population Survey. The equation below shows the regression result for the same specification, but using the 2005 Current Population Survey. Interpret the major results. $\begin{array} { l } \widehat{\text { In eamings }} = 1.215 + 0.0899 \times \text { educ } - 0.521 \times \text { DFemme } + 0.0180 \times ( \text { DFemme } \times \text { educ } ) \\\text { (0.018) (0.0011) } \text { (0.022) } ( 0.0016 ) \\\\+ 0.0232 \times \text { exper } - 0.000368 \times \text { exper } 2 - 0.058 \times \text { Midwest } - 0.0098 \times \text { South } - 0.030 \times \text { West } \\( 0.0008 ) \quad \quad\quad \quad\text { (0.000018) \quad \quad\quad \quad\quad \quad} \text { (0.006) } \quad \quad\quad \quad\text { (0.0078) } \quad \quad\quad \quad( 0.0030 ) \\\end{array}$

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Definitions:

Psychologists

Professionals specializing in the study of mind and behavior, including human emotional, cognitive, and social processes.

Supply

Refers to the total amount of a product or service that is available to consumers.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, received by an employee from an employer.

College Attendance

The act of being enrolled and participating in classes or academic activities in a college or university.