A)No we cannotuse the data as to run a reliable regression model because the
assumptions related to regression models is missing.Rergression Model requires
atleast 2 variables which is missing.Assumptions like Linear relationship and Multivariate normality are missing. B)Based on these results we see that temporary impact of increase in wages as good living for workers with a healthy life.On a permanent basis we see the effect as no job security as employee may be removed at any time without notice in a private company. C)I dont believe that prices and wages are covariance stationary.I would like to change to stochastic model then use a regression model. I)We are concerned as serial correlation may lead to heteroscedastic data which may lead to problems associated with heteroscedastic data J)No I believe there are no endogenty problems K)One of the consequence is breaking the related assumptions.Second consequence is using heteroscedastic data will still give an unbiased estimate for the relationship between the predictor variable and the outcome.