Model for Married Individuals Only and Report Coefficient Estimates Academic Academic Help

Assignment Task

Problem 
For this computer exercise use do file, Stata commands and report your results in a log file. Use the data in WAGE1.dta for this problem:
(a) Estimate the following model for married individuals only and report coefficient estimates, standard errors, R-squared and number of observations 
(b) How would you test a null hypothesis that the return to experience is constant? State both the null and the alternative hypotheses and also test your null  hypothesis using estimation results in part 
(a). Do you reject the null?
(c) Does having exper2 in the model improve its explanatory power? What statistic would you use to compare the model in part (a) to the model without exper2?
(d) An individual has 8 years of work experience. Approximately by how many percentage points that individual’s wage will increase with an additional year of experience? Show the formula and calculate your answer. 
(e) At what value of experience does additional experience actually lower log(wage)?
  How many individuals have experience that is greater than that value. 
(f) Given your answer in part (e) do you see this result as a limitation of this functional form assumption? Present arguments either for or against.
 

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