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st: Inflection point
From
"Francesco Burchi" <[email protected]>
To
<[email protected]>
Subject
st: Inflection point
Date
Wed, 14 Apr 2010 11:17:30 +0200
Dear statalisters,
I have run the following IV estimates:
ivreg2 wage EDU EDUSquared X1 X2 (X3=Instrument1) X4 X5 X6 X7, robust
I would like to calculate the inflection point of EDU (=years of
schooling). Therefore, I have used the following formula:
-b_EDU/(2*b_EDUSquared),
Is this the right way to calculate the inflection point? I am surprised
that I don't use the standard deviation in the formula. Moreover, is
there a way to show graphically the effect of EDU controlling for all
the other covariates (including the squared form and the endogenous
variable X3) and visualizing the inflection point?
Finally, should I use also the cubic form to see whether eventually
there is more than one inflection point?
I am using Stata 10.
Thanks in advance for your precious help,
Regards,
Francesco.
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