Assignment Task
This assignment deals with the following assessment criteria:
Qualitative response regression models
Simultaneous equation models
Question :
This question analyses the employment status of 2000 individuals. Consider the following model:
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= ?0 +?1Agei +?2Educationi +?3Married i +?4Childreni + ?i
The variables are:
Work = employment status (1 = person is employed; 0 = otherwise)
Age = age in years
Education = number of years of schooling
Married = marital status (1 = married; 0 = otherwise)
Children = number of children
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