11.2 In Table 11.2 the estimated coefficient on black is 0.084 in column (1), 0.688 in column...

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11.2 In Table 11.2 the estimated coefficient on black is 0.084 in column (1), 0.688 in column (2), and 0.389 in column (3). In spite of these large differences, all three models yield similar estimates of the marginal effect of race on the probability of mortgage denial. How can this be?

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Introduction To Econometrics

ISBN: 9781292071367

3rd Global Edition

Authors: James Stock, Mark Watson

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