Business, 03.07.2020 01:01 mike2614

Suppose that we want to estimate the effect of several variables on annual saving and that we have a panel data set on individuals collected on January 31, 1990, and January 31, 1992. If we include a year dummy for 1992 and use first differencing, can we also include age in the original model? Explain.

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Suppose that we want to estimate the effect of several variables on annual saving and that we have a...

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