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From |
bumbuminc <bumbuminc@googlemail.com> |

To |
statalist@hsphsun2.harvard.edu |

Subject |
Re: st: RE: Mincer wage function as a log function - how can stata calculate the percent values |

Date |
Wed, 29 Oct 2008 13:26:23 +0100 |

Ok, thank you. In the moment i am trying it with the standard "reg" command, like: *-------------------- begin example --------------- sysuse nlsw88, clear gen ttl_exp2 = ttl_exp^2 gen wage_log = ln(wage) reg wage ttl_exp ttl_exp2 grade *--------------------- end example ---------------- At first, I calculate the logarithm of the wage because i want to minimize anomalies. A multivariate analysis via odd ratios is then a better resolution, i presume, or? 2008/10/29, Maarten buis <maartenbuis@yahoo.co.uk>: > --- bumbuminc <bumbuminc@googlemail.com> wrote: > >> I mean >> >> Badi Baltagi wrote 2002 in "Econometrics" Page 84: In the >> multivariate analyses,the variable wage per hour are a log function. >> With these semi-log regression, the coefficient can in an exponential >> equation [exp(b)-1] interpret the covariate over the dependent >> variable as an percental effect. > > In the example I gave you earlier you will be able to make a statement > like the the hourly wage changes by a factor of 1.08 for a year > increase in education. This, obviously implies an 8% increase. In my > particular sub-sub-discipline people are used to interpreting odds > ratios, which have a very similar "factor change" interpretation, so I > won't bother with subtracting 1, and multiplying by 100. Whether that > works in your sub-sub-discipline is up to you. > > -- Maarten > > ----------------------------------------- > Maarten L. Buis > Department of Social Research Methodology > Vrije Universiteit Amsterdam > Boelelaan 1081 > 1081 HV Amsterdam > The Netherlands > > visiting address: > Buitenveldertselaan 3 (Metropolitan), room N515 > > +31 20 5986715 > > http://home.fsw.vu.nl/m.buis/ > ----------------------------------------- > > > > * > * For searches and help try: > * http://www.stata.com/help.cgi?search > * http://www.stata.com/support/statalist/faq > * http://www.ats.ucla.edu/stat/stata/ > * * For searches and help try: * http://www.stata.com/help.cgi?search * http://www.stata.com/support/statalist/faq * http://www.ats.ucla.edu/stat/stata/

**Follow-Ups**:**Re: st: RE: Mincer wage function as a log function - how can stata calculate the percent values***From:*Maarten buis <maartenbuis@yahoo.co.uk>

**References**:**Re: st: RE: Mincer wage function as a log function - how can stata calculate the percent values***From:*bumbuminc <bumbuminc@googlemail.com>

**Re: st: RE: Mincer wage function as a log function - how can stata calculate the percent values***From:*Maarten buis <maartenbuis@yahoo.co.uk>

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