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  • Difference between pcond on heckprobit and probit

    Suppose you're modeling the probability of being employed (call it P(E = 1)) and you identify there'se a selection going on entering the labor force. So you model if through heckprobit, for example:

    heckprobit employed age agesq education educationsq, sel(laborforce = age agesq education educationsq children married)

    Then you predict the conditional probability:

    predict pconditional, pcond

    What is the difference between pconditional and the probability below:

    probit employed age agesq education educationsq if laborforce == 1

    predict phat

    Shouldn't they be very similar?

    And another question:

    Heckprobit gives you the possibility of estimating p10, i.e. the probability of being employed AND out of the labor force. How is that possible?

    Thanks in advance
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