04-23-2016 12:09 PM
Hello! I was just wondering if someone could please help me with a problem. I am trying to use OLS to estimate a linear hedonic wage equation with wages as a function of gender, race, age, age^2, and fatality risks.
the variables are defined as:
wage = worker's hourly wage rate
male = 1 if worker is male and =0 otherwise
white = 1 if worker's race is white = 0 otherwise
age = workers age in years
fatrate = worker's risk of fatality measured in terms of deaths per 100,000 workers.
how would the code even look like? Do i need to create a matrix, and if so, how?
04-23-2016 01:58 PM
Look at proc REG or GLM.
The documentation has good examples.
You do not need to create a matrix, a SAS dataset is enough to get started.