RDP 2017-05: The Property Ladder after the Financial Crisis: The First Step is a Stretch but Those Who Make It Are Doing OK Equation (4)

P( F D i =1| X it , D it )=Φ( X it β+ γ q q=1 4 DE P i q +φ D it + ε it ) MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@6B02@