Question

Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is: kids= b0 + b1educ +u,
where u is the unobserved error.
(i)What kinds of factors are contained in u? Are these likely to be correlated with level of education?
(ii)Will a simple regression analysis uncover the ceteris paribus effect of education on fertility? Explain.

Answer 1

Plz mark brainlist *.*

factors contained in u are : Economic factors: a) Income earned by woman b) income earned by husband c) family's wealth d)Expe…

Answer 2

Mark brainlist ^.^ ...Thank youuuu *