Where, inlf is a binary variable that takes 1 if the woman is in labor force and 0 otherwise; nwifeinc is husband’s earnings (thousands of dollars); educ is education (years); exper is past labor market experience (years); age (years); kidslt6 is number of children less than 6 years old; and kidsge6 is number of kids between 6 and 18 years of age.
a. Take a woman with nwifeinc = 20.13; educ = 12.3; exper = 10.6; age = 42.5; kidslt6 = 0 and kidsge6 = 1. Find the probability of working for this woman using
i. LPM 
ii. Probit 
iii. Logit 
b. Consider the same woman in part (a). What is the estimated decrease in the probability of working in going from 0 to 1 small child? Use the Probit model to find your answer. Get Economics homework help today
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