Yiu, Chung Yim; Cheung, Ka Shing - In: Econometrics : open access journal 10 (2022) 1, pp. 1-11
The age-period-cohort problem has been studied for decades but without resolution. There have been many suggested solutions to make the three effects estimable, but these solutions mostly exploit non-linear specifications. Yet, these approaches may suffer from misspecification or omitted...