Business, 19.07.2021 16:10, RiyaTailz3346
A logit model using information on 87 women workers was used to model the probability of full time employment. The estimates of the model are presented below (figures in brackets are standard errors): Logit = 1.218 +0.218Educ- 1.535PreSch - 1.329Prim - 0.546Sec-0.781Partn (0.134) (0.035) (0.219) (0.148) (0.127) (0.138) Where: 1 Educ = years of completed education after primary school PreSch = 1 if woman has a child of pre-school age Prim = 1 if woman has a child of primary school age Sec = 1 if woman has a child of secondary school age (Omitted category is a woman having no children) Partn = 1 if woman has a working spouse. i) Interpret the meaning of each coefficient. Do the estimated coefficients make theoretical sense? ii) iii) Calculate the probability of being a full time worker for a woman with 2 years of education, a child of primary school age, and a spouse who is not working. Calculate the probability of being a full-time worker for a woman with 2 years of post compulsory education, a child of secondary school age and a spouse who is working. Calculate the probability of being a full-time worker for a woman with two years of post- compulsory education, a child of primary school age and a spouse who is not working. Calculate the probability of being a full-time worker for a woman who has no post-compulsory education, no children and a spouse who is working .
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