Hi!
I would appreciate it if someone could help me, with a problem I came up with!
I run a simple pooled probit model and I was wondering what is the correct interpretation I should give. For example, if I find the coefficient for education equal to 0.4, should I say that those with higher education are more likely to participate? Or, that those with higher education are 40% more likely to participate in the labor force? If not, can I do that with the marginal effects I estimated?Then, I estimated a fixed and a random effects logit model. Is the interpretation analogous to the above?
Thanks in Advance!
Dimitris Nikolaou!
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