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Re: st: Problem with IV regression and two-way clustering


From   "Tobias Pfaff" <[email protected]>
To   <[email protected]>
Subject   Re: st: Problem with IV regression and two-way clustering
Date   Thu, 27 Sep 2012 22:29:56 +0200

Dear Austin,

Yes, some individuals move across regions.
If I do the IV regression with two-way clustering, I just find it strange
that the tests point to an invalid instrument, given the rather high
correlation of the focus variable and the instrument.

Regards,
Tobias

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