1. Linear Probability Model vs. Logit (or Probit)
Logistic regression Number of obs = 2725 LR chi2(2) = 152.22 Prob > chi2 = 0.0000 Log likelihood = -1532.0747 Pseudo R2 = 0.0473 ... (Notice that for dummy variables, Stata calculates the change from going from 0 to 1.) 11.7% 2. For males with the average level of income in this sample, how does a $1000 increase in income affect the ...
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