RDP 2007-05: Labour Force Participation and Household Debt Equation (2)

P ( L F P i = 1 | X i , Assets i , Debts i ) = Φ ( X i β + Assets i γ 1 + Debts i γ 2 ) MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamiuamaabm aabaGaamitaiaadAeacaWGqbWaaSbaaSqaaiaadMgaaeqaaOGaeyyp a0JaaGymamaaeeaabaacbeGaa8hwamaaBaaaleaacaWGPbaabeaaki aa=XcacaWFbbGaa83Caiaa=nhacaWFLbGaa8hDaiaa=nhadaWgaaWc baGaamyAaaqabaGccaGGSaGaa8hraiaa=vgacaWFIbGaa8hDaiaa=n hadaWgaaWcbaGaamyAaaqabaaakiaawEa7aaGaayjkaiaawMcaaiab g2da9GGaciab+z6agnaabmaabaGaa8hwamaaBaaaleaacaWGPbaabe aaiiqakiab9j7aIjab9TcaRiab9f5abjaa=nhacaWFZbGaa8xzaiaa =rhacaWFZbWaaSbaaSqaaiaadMgaaeqaaGGaaOGaeW3SdC2aaSbaaS qaaiaaigdaaeqaaOGaey4kaSIaa8hraiaa=vgacaWFIbGaa8hDaiaa =nhadaWgaaWcbaGaamyAaaqabaGccqaFZoWzdaWgaaWcbaGaaGOmaa qabaaakiaawIcacaGLPaaaaaa@6A3E@