Adrian de la Garza wrote:
>>Could anyone recommend a source that discusses how to interpret these
coefficients? I have read a few papers in the "economics of happiness"
literature where they use these ordered logits and probits but they
never discuss what the magnitudes of the coefficients mean; they care
only about the coefficients' signs and statistical significance.
Similarly, the standard Greene econometrics textbook has very little
regarding this interpretation.<<
The coefficients are difficult to interpret directly, but predicted
probabilities are much easier to interpret. You may benefit from looking
at J. Scott Long's (1997) book or the book by Long and Freese (2005),
which is specifically on Stata but has plenty of good theory in it,
including sections on how to interpret these models.
Jay
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