For the estimated probit model found in Table 17.1, report the following: Prob (

Question

For the estimated probit model found in Table 17.1, report the following:

Prob (y=1), conditional on age=40, exper = 15, and other explanatory variables set equal to their sample means.

TABLE 17.1 LPM, Logit, and Probit Estimates of Labor Force Participation Dependent Variable: inlf Independent Variables LPM (OLS)Logit (MLE) Probit (MLE) 021 (.008) 221 (.043) 206 (.032) 0032 (.0010) 088 (.015) 1.443 (.204) 060 (.075) 425 (.860) 73.6 401.77 .220 nwifeinc 0034 (.0015) .038 (.007) 039 (.006) .00060 (00018) 016 (002) .262 (032) 013 013) .586 (.151) 73.4 012 (.005) .131 (.025) .123 (.019) 0019 (.0006) 053 (.008) 868 educ exper expe age kidslt6 kidsge6 036 (.043) 270 (.509) 73.4 -401.30 221 constant Percentage correctly predicted Log-likelihood value Pseudo R-squared 264

Explanation / Answer

age = -0.016 OLS -0.088 MLE -0.053 MLE

expert = -0.00060 OLS -0.0032 MLE -0.0019 MLE

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---