To Examine the Differences Between Salaries of Male and Female

question 9

Essay

To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected and the following variables considered:
Salary = the monthly salary (excluding fringe benefits and bonuses)
Educ = the number of years of education
Exper = the number of months of experience
Gender = the gender of an individual;1 for males,and 0 for females
The regression results obtained for the models are as follows:
Model A: Salary = β₀+ β₁Educ + β₂Exper + β₃Gender + β₄Exper × Gender + ε,
Model B: Salary = β₀ + β₁Educ + β₂Exper + ε,are summarized in the following table. Note: The values of relevant test statistics are shown in parentheses below the estimated coefficients.
At 1% significance level,what is the conclusion of testing the joint significance of Exper and Exper × Gender in Model A?

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Definitions:

Labor Force

The total number of people employed or actively seeking employment in a given country or region.

Yes-No Couples

Pairs in relationships who frequently find themselves in opposition, often saying "yes" and "no" to the same proposals, leading to potential conflicts.

Closed Adoptions

An adoption process where there is no exchange of information or contact between the biological and adoptive families.

Birth Parents

The biological parents who gave birth to a child, as opposed to adoptive parents.