Panel Data
Definition
Observations on the same units (people, firms, countries) over time. Enables fixed-effects estimation and richer causal analysis than cross-sections.
Example
PSID data follow the same US households for decades.
Observations on the same units (people, firms, countries) over time. Enables fixed-effects estimation and richer causal analysis than cross-sections.
PSID data follow the same US households for decades.