Pages 283-284 in Your Textbook Contain an Analysis of the "Return

Essay

Pages 283-284 in your textbook contain an analysis of the "Return to Education and the Gender Gap." Column (4)in Table 8.1 displays regression results using the 2009 Current Population Survey. The equation below shows the regression result for the same specification, but using the 2005 Current Population Survey. Interpret the major results. $\begin{array} { l } \widehat{\text { In eamings }} = 1.215 + 0.0899 \times \text { educ } - 0.521 \times \text { DFemme } + 0.0180 \times ( \text { DFemme } \times \text { educ } ) \\\text { (0.018) (0.0011) } \text { (0.022) } ( 0.0016 ) \\\\+ 0.0232 \times \text { exper } - 0.000368 \times \text { exper } 2 - 0.058 \times \text { Midwest } - 0.0098 \times \text { South } - 0.030 \times \text { West } \\( 0.0008 ) \quad \quad\quad \quad\text { (0.000018) \quad \quad\quad \quad\quad \quad} \text { (0.006) } \quad \quad\quad \quad\text { (0.0078) } \quad \quad\quad \quad( 0.0030 ) \\\end{array}$