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st: Economic significance of categorical variable
From
Nerissa Fanoembi <[email protected]>
To
"[email protected]" <[email protected]>
Subject
st: Economic significance of categorical variable
Date
Mon, 10 Feb 2014 23:07:39 +0100
ear Statalist,
I am wondering how I can interpret the economic significance of categorical variables.
For example I research the effect of the employer type (public or private sector employees) on risk aversion. I find that the probability of being risk averse in the public sector is 6.3 percentage points greater than in the private sector. The sample consists of 1137 individuals. How do I know whether this effect is economic significant?
Best regards,
Nerissa.
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