Figure

Relationship between mean wages and education.

Source: Arthur S. Goldberger, Introductory Econometrics, Harvard University Press, Cambridge, Mass., 1998, Table 1.1, p. 5 (adapted).

14Ernst R. Berndt, The Practice of Econometrics: Classic and Contemporary, Addison Wesley, Reading, Mass., 1991. Incidentally, this is an excellent book that the reader may want to read to find out how econometricians go about doing research.

52 PART ONE: SINGLE-EQUATION REGRESSION MODELS

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