Excel file labor gives data on 750 females on their labor force participation along with other
variables. The variables are defined as follows:
Variable Variable Description
Inlf =1 if in labor force
educ years of schooling
age woman's age in yrs
feinc family income,
huseduc husband's years of schooling
kidslt6 # kids < 6 years
(a) Estimate an LPM for the labor force participation of women
(b) Estimate the labor force participation using logit.
(c) Repeat (b) using the probit model.
(d) Compare the performance of the three models and decide which is a better model.
(e) Calculate the marginal impact of educ, huseduc on the probability of labor force
participation for the three models.