You want to investigate possible influences on monthly earnings in the USA. The following variables are given:

Variable Explanation wage monthly earnings in US $ educ years of education exper years of experience in the labor market black =1 if person is black =0 if person is not black south =1 if person lives in a southern US state =0 if person lives in another US state lilack_south interaction term between black and south black_exper interaction term between black and exper

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