Hello All,
I would like to know what is the magnitude of standard deviation gain
in years of schooling from residence in metro area from the following
example.
The effect of metroarea (smsa) is : 0.05 from the regression. But how
would I calculate the standard deviation gain given that the average
years of schooling is 13.4.
use http://fmwww.bc.edu/ec-p/data/hayashi/griliches76.dta
reg s smsa iq med kww age mrt
sum s
Variable Obs Mean Std. Dev. Min Max
s 758 13.40501 2.231828 9 18
Thank you,
Nirina
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