Function of Earnings.

Provide a 1 page analysis while answering the following question: Function of Earnings. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Moreover, private-sector workers under unions, earn 1.8599 dollars more, due to their access to collective bargaining power. In a nutshell, a unionized private worker will earn 2.2951 dollars higher than workers in other sectors.

The model estimated above was less fit as the included variables explained only 2.96%, (and 2.55% when adjusted for degrees of freedom), of all changes occurring to earnings(R-squared = 0.0296). To improve the fitness, the interaction of union with gender (female) was included in the model. The extended model shows&nbsp.that, in general, female workers earn 5.6292 dollars less than their male counterparts. However, female workers with collective bargaining power (joined unions), earn 1.5519 more.&nbsp.&nbsp. In a nutshell, it can be concluded that a female worker in the private sector and having access to collective bargaining power will earn 1.0179 (0.6547*1- 0.6195*1 -0.5692*1 +1.5519*1) more than their male counterparts in other sectors.

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