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equations for MPL and MPK-economic meaning of the coefficient of SM

Detailed Instructions Download |    abor income is a function of the year of schooling and following econometric model estimated: lnYM = 10.5 + SM lnYF = 9.4 + 0.7SF where ln is the natural log, Y is income, S is the average year of the schoolings, and subscripts, M and F are Male and Female

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