For example, if the WOMEN variable has parameter estimate 1.4, then when WOMEN=0 (ie male) you have EQUALITY=<whatever> + 1.4*0, and when WOMEN=1 (ie female) you have EQUALITY=<whatever> + 1.4*1.
You don't need two variables because there's no way WOMEN=0 and MEN=0, or WOMEN=1 and MEN=1 for an individual.





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