You Have Collected Data on Individuals and Their Attributes

question 6

Essay

You have collected data on individuals and their attributes.Consequently you have generated several binary variables,which take on a value of "1" if the individual has that characteristic and are "0" otherwise.One example is the binary variable DMarr which is "1" for married individuals and "0" for non-married variables.If you run the following regression:
ahei= β0 + β1×educi + β2×DMarri + ui
a.What is the interpretation for β2?
b.You are interested in directly observing the effect that being non-married ("single")has on earnings,controlling for years of education.Instead of recording all observations such that they are "1" for a not married individual and "0" for a married person,how can you generate such a variable (DSingle)through a simple command in your regression program?

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Definitions:

Territory

A defined geographical area under the jurisdiction of a political entity or state.

Soldier Deaths

The fatalities of military personnel during active duty, often examined in the context of specific conflicts or wars to analyze their impact and consequences.

Prisoner-of-war Camps

Facilities where prisoners of war (POWs) are held during conflict, intended to detain enemy combatants away from the battlefield while adhering to certain treatment standards set by international law.