I want to estimate the Correlated random effects models with unbalanced panels proposed by Wooldridge (). In fact, I include x_it, \bar{x_i} and run pooled OLS. Also, following Wooldridge (2019) procedure, x_it includes the time dummies as well as \bar{x_i} includes the average of time dummies. I suspect clustering in my sample, so I want to calculate clustered standard errors. Is it enough to apply
Code:
vce(cluster cluster_variable)
Reference: Wooldridge, J. M. (2019). Correlated random effects models with unbalanced panels. Journal of Econometrics, 211(1), 137-150.
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