We consider estimation and inference for a regression coefficient in panels with interactive fixed effects (i.e., with a factor structure). We show that previously developed estimators and confidence intervals (CIs) might be heavily biased and size-distorted when some of the factors are weak. We...

Education has been cited in both theoretical and empirical literature as a key driver of socioeconomic growth. African educational outcomes, however, continue to be subpar at all levels. This study examines the impact of democracy on lifelong learning in 52 African countries from 1990 to 2020,...

We study the nature of firm pay dynamics. To this end, we propose a statistical model that extends the seminal framework by Abowd, Kramarz and Margolis (1999) to allow for idiosyncratically time-varying firm pay policies. We estimate the model using linked employer-employee data for Sweden from...