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Could I please get an answer to this problem? Thank you.4. Consider the following regression model of log(rage) log(wage)-As + &female + βί educ + u, where wage is hourly wage, female is a dummy variable indicating gender (1 for women and 0 for men), and educ is the number of years of education. Augment the model to allow the return to education to differ by gender

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Answer #1

Answering the question by introducing the Interaction Dummy

Now Retun to eduen to dilbes by Gewdeu ántooduce an itoracion Qummy, (eduex Geudey thus Arug meutd Model- Sofernaletßl eduan

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