Question

2. On Unions and IV Consider a linear probability model for whether employers offer a pensioin plan based on the percentage of workers belonging to a union, as well as other factors (ie the regressand is a qualitative variable, I know we didn't cover this but think of the predicted value as the probability that given specific values for the regressors that an employer will offer a pensioin plan) pensioni-β°+81 percun ioni+82augage i+83augeduit β4percmaleit β5percmarritei Where pension is a qualitative variable which takes on the value 1 when members of a union, avgage is the average age of the employees at the firm, avgedu is the average level of education in years of the employees of the firm, percmale is the percentage of the employees who are male and percmarr is the percentage of workers who are married.