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From |
Maarten buis <maartenbuis@yahoo.co.uk> |

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 11:55:25 +0000 (GMT) |

--- 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/

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

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

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