Hi everyone
I have a regression in which I would like to estimate the effect of migrant share (from 0% to 100%) on years of schooling. Because of skewness, I transformed migrant share to log. As my explanatory variable is already a percentage, I do not know how to interpret the coefficient. And I would like to know if someone could help me with that.
Regression: reg yearsofschooling ln(migrantshare)
The beta (coefficient) that I get is 6.8.
Finally, how would it change if I use a log-log model? reg ln(yearsofschooling) ln(migrantshare)
The coefficient, in this case, is 1.38
Thanks a lot!!!
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