Pandelis Mitsis

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Questions related from Pandelis Mitsis

How wrong is it using ‘hours worked’ in the wage equations and how can it be ‘corrected’?

Explanation: Including 'hours worked' in wage regressions renders the wage earnings equation being transformed into ‘inverse labour supply function’. Therefore, the variable ‘hours worked’ is...

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How you remove or deal with heteroskedasticity in a panel data model?

Long story short: I use a long unbalanced panel data set. All tests indicate that 'fixed effects' is more appropriate than 'random effects' or 'pooled OLS'. No serial correlation. BUT,...

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Causality with cross-sectional data?

Say I have 2 variables (x,y) that are associated, but the direction of association (=causality) is not known. I model this causality by estimating 2 different models, where the dependent...

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