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- drop if wsal_val == 0
- /* Drop values for people who have no income */
- gen wage = wsal_val/wkswork/hrswk
- drop if wage < 1
- /* Drop values for people who have income under 1 */
- gen educ = a_hga
- gen propval = hprop_val
- /*education = a_hga. 39 = HS 43 = bachelor 46 = phd*/
- drop if educ == 31
- drop if educ == 32
- drop if educ == 33
- drop if educ == 34
- drop if educ == 35
- drop if educ == 36
- drop if educ == 37
- drop if educ == 38
- drop if educ == 40
- drop if educ == 41
- drop if educ == 42
- drop if educ == 44
- drop if educ == 45
- /*Table 1 Descriptive stats*/
- summ educ
- summ wage
- summ propval
- /*Figure 1, all wage densities compared from educ*/
- twoway kdensity wage if a_hga == 43 & wage < 150 || kdensity wage if a_hga == 46 & wage < 150 || kdensity wage if a_hga == 39 & wage < 150
- /*Table 2 Comparisson of means*/
- mean wage if educ == 39
- mean wage if educ == 43
- mean wage if educ == 46
- mean propval if educ == 39
- mean propval if educ == 43
- mean propval if educ == 46
- /*Table 3 Regression showing the relationship between wage and estimated property value*/
- regress propval wage
- /*Figure 2 The residuals from the regression against wage*/
- regress propval wage
- predict yhat, xb
- predict ehat, resid
- graph twoway scatter ehat wage
- /* Test of hypothesis */
- regress wage PhD
- regress wage bachelor
- regress wage hs
- mean wage
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