Suppose the relationship between wage, years of education (educ) , years of experience (exper) , and participation in a job training program (train) is modeled as: log ( ) =
+
+
+
. Which of the following is the most accurate interpretation of the coefficient,
?
A) Holding education and experience constant, participating in the training program increases the wage by $ .
B) Holding education and experience constant, participating in the training program is predicted to increase the wage by
C) Participating in the training program is predicted to increase the wage by % .
D) Participating in the training program increases the wage by $ .
Correct Answer:
Verified
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