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In biostatistics, fixed-effects may mean population-average effects. In econometrics, fixed-effects may represent the observed quantities in terms of explanatory variables that are treated as if the quantities were non-random.
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Controlling for individual differences when variable of interest is time invariate to the in...
I am assuming the individual's age in your model is time invariant, thus, you will not be able to use fixed effects. This is important because since an individual does not experience both being "young …