RDP 2007-05: Labour Force Participation and Household Debt Equation (1)

\begin{array}{l} L F P_{i}^{*} = X_{i} β + {Assets}_{i} γ_{1} + {Debts}_{i} γ_{2} + u_{i} \\ L F P_{i} = 1 [L F P_{i}^{*} > 0] \end{array}