The distributions of the common and idiosyncratic components for an individual variable are important in forecasting and applications. However, they are not identified with low-dimensional observation
The second round of the IDB/Cornell Coronavirus Survey is a follow-up to the first round of the IDB/Cornell Coronavirus Survey, which collected information related to the impacts of the Covid-19 pande
In this article, we present a new command, xtspj, that corrects for incidental parameter bias in panel-data models with fixed effects. The correc- tion removes the first-order bias term of the maximum
We study "habituation" to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" define
