Hello to everybody!
I have run a pooled probit for the impact of health on labor force participation. How can I interpret the coefficients?
For example, if I find a coefficient of 0.2 for fair health, is it correct to say that "fair health increases the probability of labor force participation by 20%"?
Or I should say that "fair health increases the probability of labor force participation by 0.20 points / units"?
I would be very grateful if someone could help me.
Thanks in advance!
Dimitris
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