Stata is widely considered the industry standard for panel data analysis due to its intuitive syntax and robust handling of longitudinal datasets
Significant p-value → RE is better than pooled OLS. stata panel data
Fixed effects removes all time-invariant unobserved heterogeneity by de-meaning the data. It answers: Within a worker, how does changing union status affect wage? Stata is widely considered the industry standard for
STATA Panel Data Analysis Guide | PDF | Coefficient Of Determination lag(2 4)) iv(experience union)
Stata’s panel data capabilities continue to expand. To go deeper:
Note: Standard errors are usually clustered at the unit level to account for correlation within units.
For example:
xtdpdgmm wage L.wage experience union, gmm(L.wage, lag(2 4)) iv(experience union)