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:

Training Program

A structured plan designed to impart specific skills or knowledge to participants for personal development or career advancement.

Community Organizer Model

A strategy or approach that focuses on empowering individuals within communities to initiate and lead change through collective action and advocacy.

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Community Resource File

A compiled list or database of local services, organizations, and supports available to individuals in a specific community.