RDP 2014-13: Mortgage-related Financial Difficulties: Evidence from Australian Micro-level Data Equation

Y i = { 1 if Y i * 0 0 if Y i * < 0 Y i * = x i β + u i , u i ~ N ( 0 , 1 ) Pr ( Y i = 1 | x i ) = Φ ( x i β ) . MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGceaqabeaacaWGzb WaaSbaaSqaaiaadMgaaeqaaOGaeyypa0ZaaiqaaeaafaqaaeGadaaa baGaaGymaaqaaiaabMgacaqGMbaabaGaamywamaaDaaaleaacaWGPb aabaGaaiOkaaaakiabgwMiZkaaicdaaeaacaaIWaaabaGaaeyAaiaa bAgaaeaacaWGzbWaa0baaSqaaiaadMgaaeaacaGGQaaaaOGaeyipaW JaaGimaaaaaiaawUhaaaqaaiaadMfadaqhaaWcbaGaamyAaaqaaiaa cQcaaaGccqGH9aqpfaqaaeqacaaabaGabCiEayaafaWaaSbaaSqaai aadMgaaeqaaOGaeqOSdiMaey4kaSIaamyDamaaBaaaleaacaWGPbaa beaakiaacYcaaeaacaWG1bWaaSbaaSqaaiaadMgaaeqaaOGaaiOFai aad6eadaqadaqaaiaaicdacaGGSaGaaGymaaGaayjkaiaawMcaaaaa aeaaciGGqbGaaiOCamaabmaabaGaamywamaaBaaaleaacaWGPbaabe aakiabg2da9iaaigdacaGG8bGaaCiEamaaBaaaleaacaWGPbaabeaa aOGaayjkaiaawMcaaiabg2da9iabfA6agnaabmaabaGabCiEayaafa WaaSbaaSqaaiaadMgaaeqaaOGaeqOSdigacaGLOaGaayzkaaGaaiOl aaaaaa@6EA1@