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Hausman and Taylor 1981 by ahachimdoaa is a document available to read on EtoBox.
What is Hausman and Taylor 1981 about?
The paper discusses the integration of time-series and cross-section data to control for unobservable individual effects that may bias estimates in economic models. It presents methods for testing the presence of these effects, deriving efficient estimators, and applying them to wage equations to reveal significant differences in returns to schooling. The authors propose a new approach that allows for consistent estimation without relying solely on traditional methods that may overlook important correlation
- Author
- ahachimdoaa
- Language
- EN