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Please help me with solving questions (c) and ( d) . Provide the steps to get to the final solution. THANKS a lot! You have
Please help me with solving questions (c) and (d). Provide the steps to get to the final solution. THANKS a lot!
You have estimated the following probit model PR(gov; = 1 | edu, male)= $(-7.702 + 0.548edu; + 4.352male; - 0.344edu; x male;), (1.238) (0.091) (1.291) (0.096) where gov indicates whether a person works in the public sector, edu denotes years of schooling and male is a gender dummy. Using the results above, answer the following questions(c) Does the effect of years of schooling on employment in the public sector depend on gender? Explain. (d) What would an analogously specied linear probability model (LPM) look like? Discuss the pro's and son's of the LPM and elaborate on whether you would consider using the LPM instead of the probit modelStep by Step Solution
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