Table 15.27 on the textbook website gives data for 2,000 women regarding work (1 = a woman works, 0 = otherwise), age, marital status (1 = married, 0 = otherwise), number of children, and education (number of years of schooling). Out of a total of 2,000 women, 657 were recorded as not being wage earners.

a. Using these data, estimate the linear probability model (LPM).

b. Using the same data, estimate a logit model and obtain the marginal effects of the various variables.

c. Repeat (b) for the probit model.

d. Which model would you choose? Why?