Suppose you are interested in explaining the probability of Switching Jobs in a sample of 32,517 men and women and that using the logit you obtain the following coefficient estimates (standard errors in parentheses)
$\begin{array}{llcc}
Swi\widehat {tch ~J}obs_ { i } = & 1.93 -& 2.43 \text { Salary } _ { i } - & 0.52 \text { Experience } _ { i } + & 1.28 \text { Rent Home } _ { i } & - 0.97 \text { Number of Children } \
& ( 0.47 )& ( 0.85 ) &(0.33)&( 0.65 )& ( 0.34 )
\end{array}$

a)How should you interpret the estimated coefficient on Salary? Does this make economic sense? Explain.
b)How should you interpret the estimated coefficient on Rent Home? Does this make economic sense? Explain.
c)Do these estimates provide all of the information that you desire? If not,how can you obtain that information? Explain.

Question

Suppose you are interested in explaining the probability of Switching Jobs in a sample of 32,517 men and women and that using the logit you obtain the following coefficient estimates (standard errors in parentheses) 
$\begin{array}{llcc}
Swi\widehat {tch ~J}obs_ { i } = & 1.93 -& 2.43 \text { Salary } _ { i } - & 0.52 \text { Experience } _ { i } + & 1.28 \text { Rent Home } _ { i } & - 0.97 \text { Number of Children } \
& ( 0.47 )& ( 0.85 ) &(0.33)&( 0.65 )& ( 0.34 )
\end{array}$
 
a)How should you interpret the estimated coefficient on Salary? Does this make economic sense? Explain.
b)How should you interpret the estimated coefficient on Rent Home? Does this make economic sense? Explain.
c)Do these estimates provide all of the information that you desire? If not,how can you obtain that information? Explain.

Quizplus · Accepted Answer

The Answer of Suppose you are interested in explaining the probability of Switching Jobs in a sample of 32,517 men and women and that using the logit you obtain the following coefficient estimates (standard errors in parentheses) 
$\begin{array}{llcc}
Swi\widehat {tch ~J}obs_ { i } = & 1.93 -& 2.43 \text { Salary } _ { i } - & 0.52 \text { Experience } _ { i } + & 1.28 \text { Rent Home } _ { i } & - 0.97 \text { Number of Children } \
& ( 0.47 )& ( 0.85 ) &(0.33)&( 0.65 )& ( 0.34 )
\end{array}$
 
a)How should you interpret the estimated coefficient on Salary? Does this make economic sense? Explain.
b)How should you interpret the estimated coefficient on Rent Home? Does this make economic sense? Explain.
c)Do these estimates provide all of the information that you desire? If not,how can you obtain that information? Explain.

Suppose You Are Interested in Explaining the Probability of Switching