Blinder, Alan S.; Krueger, Alan B. - 2004
=knowledge, ED=education, X=a vector of “demographic” variables such as race, sex,
age, and income, and e
1i
is an error term.
10 …, education, and desire to be informed combine to determine how
much information they acquire—and what kinds of information … (equations 3-5). This
information, along with their education and desire to be informed, determines their
knowledge of an issue …