Find partial derivative of the logarithm of earnings, Microeconomics

Find partial derivative of the logarithm of earnings

In the application presented in this section, one of Jacob Mincer's specifications relating earnings to schooling(S) and workplace experience(X) is In E = 4.9 + 0.26lnS - 0.003lnS2- 0.004lnXS + 0.15lnX - 0.002lnX2.

A) What is the partial derivative of the logarithm of earnings with respect to experience?

B) What is the percentage impact on earnings due to a one year increase in experience if S = 20 and X = 5?

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Microeconomics: Find partial derivative of the logarithm of earnings

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Microeconomics: Find partial derivative of the logarithm of earnings

Reference No:- TGS038659

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Find partial derivative of the logarithm of earnings

Reference No:- TGS038659

Recent Questions Asked Microeconomics

Q : How do financial intermediaries offer indirect securities

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