This paper considers the statistical analysis of large panel data sets where even after conditioning on common observed … dependence. It is then established that the Common Correlated Effects (CCE) estimator of panel data model with a multifactor …

The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models … for stationary panel regressions with multifactor error structure. This paper extends this work and examines the important … a wide variety of data generation processes and has lower biases than all of the alternative estimation methods …

In this paper we discuss tests for residual cross section dependence in nonlinear panel data models. The tests are … based on average pair-wise residual correlation coefficients. In nonlinear models, the definition of the residual is …

has been roughly stable over the last decades. Lastly, we estimate the intergenerational correlation of earnings. …

discrete choice panel data model controlling for unobserved heterogeneity to simultaneously estimate labor supply and the …

as a function of individual and household characteristics using panel data analysis and compares three alternate … approaches; a static, chamberlain-mundlak and dynamic specification. Using panel data from 1994 to 2000, we consider whether …

divorce. We use three panel databases to explore this question. Controlling for the level of life satisfaction of spouses, we …