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  • Search: subject:"bootstrap failure"
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Subject
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CRVE 1 bootstrap failure 1 clustered data 1 difference in differences 1 effective number of clusters 1 grouped data 1 panel data 1 placebo laws 1 wild cluster bootstrap 1
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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MacKinnon, James G. 1 Webb, Matthew D. 1
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Economics Department, Queen's University 1
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Working Papers / Economics Department, Queen's University 1
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RePEc 1
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Wild Bootstrap Inference for Wildly Different Cluster Sizes
MacKinnon, James G.; Webb, Matthew D. - Economics Department, Queen's University - 2015
The cluster robust variance estimator (CRVE) relies on the number of clusters being large. A shorthand "rule of 42'' has emerged, but we show that unbalanced clusters invalidate it. Monte Carlo evidence suggests that rejection frequencies are higher for datasets with 50 clusters proportional to...
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