10.2 A researcher is using a panel data set on n = 1000 workers over T =...
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10.2 A researcher is using a panel data set on n = 1000 workers over T = 10 years (from 2001 through 2010) that contains the workers’ earnings, gender, education, and age. The researcher is interested in the effect of education on earnings. Give some examples of unobserved person-specific variables that are correlated with both education and earnings. Can you think of examples of time-specific variables that might be correlated with education and earnings? How would you control for these person-specific and timespecific effects in a panel data regression?
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Related Book For 
Introduction To Econometrics
ISBN: 9781292071367
3rd Global Edition
Authors: James Stock, Mark Watson
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