Use the data in HAPPINESS.RAW for this question. See also Computer Exercise C15 in Chapter 13.
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Write My Essay For Me- (i) Estimate a probit probability model relatingvhappytooccattendandregattend, and include a full set of year dummies. Find the average partial effects foroccat- tendandregattend. How do these compare with those from estimating a linear probability model?
- (ii) Define a variable,highinc, equal to one if family income is above $25,000. Includehighinc,unem10,educ, andteensto the probit estimation in part (ii). Is the APE ofregattendaffected much? What about its statistical significance?
- (iii) Discuss the APEs and statistical significance of the four new variables in part (ii). Do the estimates make sense?
- (iv) Controlling for the factors in part (ii), do there appear to be differences in happi- ness by gender or race? Justify your answer.
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