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Econometrics

suppose we are estimating a wage equation in which an individual\'s wage in Ghana cedis

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suppose we are estimating a wage equation in which an individual's wage in Ghana cedis is explained as a function of education in years. however we want to test two hypothesis. first, we want to test the hypothesis there are gender differentials in wage rates. secondly, we want to test if the returns to education are the same irrespective of gender

a. Specify the model to capture these two hypotheses and provide a careful interpretation of the coefficients of the model you specified

b. Explain how u will test for the hypothesis

C. From our model in (a) obtain the mean functions and provide an interpretation of these functions

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