* Grouped Probit Model for House Ownership
*
* Keywords:
* regression, probability, grouped, probit, house, ownership
*
* Description:
* We illustrate how to estimate a Grouped Probit Probability Model for
* House Ownership
*
* Author(s):
* Skif Pankov
*
* Source:
* Damodar N. Gujarati and Dawn C. Porter, Basic Econometrics - 5th Edition
* McGraw-Hill International Edition, Chapter 15, Example 15.6 (page 568)
*
sample 1 10
* Reading the datafile and naming variables
read (data_15.6.shd) inc nt n
* Generating the empirical probability of owning a house, conditional on
* income
genr p = n/nt
* For each estimated probability, finding its normal inverse critical value
distrib p / inverse type = normal critical = I
* Converting critical values from P(X>p) tp P(X