Hi everyone. I am doing my thesis at the moment and I don't know how to interpret a key variable.
The linear probability model is:
Unemployed_it= B0 +B1log(household income)_it + u_it, where unemployed is a dummy variable =1 if someone is unemployed.
I got -0.0456 as my estimate for B1. How do I interpret this? I also used a probit model and then the margins, dydx(*) command to estimate the above equation. How would I interpret this estimate of B1?
Thanks !
0 Response to Linear-Log probit and linear probability models
Post a Comment