st: pooled ols interpretation, thanks

["Joanne Marshall" <jmarshall1982@hotmail.co.uk>]

dear fellow

if i was runinng a pooled ols regression and when i get the new coefficient, 
one is named as dropped, can someone please interpret?

also say if i am running family income (dependent variable) against 
educaction, fam income should increase with more year of education 
(therefore i am expecting a positive sign for education).

if I was to regress: (d91 as the year, and i have 3 years of data here)

reg logfamincome educ d91 d92 d93
how can i interpret the educ? if the coefficient of educ is 0.05, which is 
5%
what does that have to do with the years 91 92 93?
or it is just another year of education will result with an increase of 
family income for 5%

i am abit confused with the years, if it is 5%, is it over the 3 years?
and also what does d91 d92 coefficient tell us?

Cheers
Jo

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