Hi,
I'm trying to run the mincer wage equation using ols regression with a random effect model. In my survey data, the education and age variables are coded and the years of experience variable was not given
However, mincer stated that the years of experience can be obtained using this formula- Years of education-age-5, but since my education variable and age are in codes, it's quite not straightforward to get the potential years of experience.
I was wondering if I could assume years of education based on the education level and get the midpoint of my age variable(coded 2=18-64) in order to run the mincer wage regression.
Would that be correct? Would it make the result of my thesis bias?
Hope to get a response soon
Related Posts with Help on using coded variables to run the mincer wage equation?
GSEM in STATAHello. I'm a new user of STATA and struggle to get thinks done. I want to build a GSEM model where t…
PlottingThere are two groups- X and Y. X has n1 observtion, Y has n2 observation. Each observation of X and …
use loop (e.g., foreach) across two vars to derive a third var (30 iterations)Hello All, I have 30 pairs of variables from which I need to derive 30 new variables. I'd like to u…
Granger test and var (xtvar, prHi everyone, I am encountering a few problems when I tried to run var codes to be followed by a Gra…
Esttab problem with interaction fixed effectHello, I am using a survey dataset (the World Values Survey) and trying out the following code in S…
Subscribe to:
Post Comments (Atom)
0 Response to Help on using coded variables to run the mincer wage equation?
Post a Comment