I am currently working on a dataset in China regarding Individual spending. I have panel data and run something like the following:
Code:
xtset ID year xtreg Spending HomicideRateCity PersonalIncomeCharacteristics Gender Age HouseholdCharacteristics, fe vce(XXXXXX)
Then I have more characteristics across households: The survey basically asks things about the household, i.e. 'How much children live in this household', 'to how many cars does this household have access' etc. I also include these in my individual regression, where the values are all the same for each individual member of the household. From my understanding, I now also should cluster at the household level.
Is this thinking correct? --> I essentially want to cluster at City- AND at Household-level.
Many thanks in advance,
Andreas
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