What is probit model, The PSID1976 data originating from

What is probit model

Reference no: EM131444135

Question: The PSID1976 data originating from Mroz (1987) are used in many econometrics texts, including Greene (2003) and Wooldridge (2002). Following Greene (2003, p. 681):

(a) Fit a probit model for labor force participation using the regressors age, age squared, family income, education, and a factor indicating the presence of children. (The factor needs to be constructed from the available information.)

(b) Reestimate the model assuming that different equations apply to women with and without children.

Reference no: EM131444135

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