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Re: st: comparing nested models
From
Neil Shephard <[email protected]>
To
[email protected]
Subject
Re: st: comparing nested models
Date
Thu, 3 Feb 2011 17:09:37 +0000
On Thu, Feb 3, 2011 at 4:59 PM, Austin Nichols <[email protected]> wrote:
>
> Most would assume log wages are a quadratic or higher order polynomial
> function of age without much theoretical justification (google "Mincer
> wage equation" for discussion),
Not being an economist I've no appreciation for the distribution of wages.
> but note that age is categorical in
> every dataset already... Though I suppose it could be measured with
> millisecond precision as of Stata 10.
In which case there are no continuous variables, ever, just
increasingly finer graded categories!
Neil
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