Improve your economic data analysis by using jackknife standard errors under clustering. This is a minor code change, and can lead to greatly improved inference. This paper provides the theoretical foundation.
New paper by Hansen
www.restud.com/jackknife-st...
#REStud
#EconSky
www.restud.com
This paper presents a theoretical case for replacement of conventional heteroskedasticity-consistent and cluster-robust variance estimators with jackknife variance estimators, in the context of linear...