Modern TWFE Estimators (Fixed Effects)

Let’s do a Bacon decomposition and then apply Callaway & Sant’Anna’s modern robust estimator to mm.dta using the first_icp cohort variable we just built.

1. Run bacondecomp yield icp, ddetail. Save the resulting figure as a .png file and import it into your lastname.tex under Assignment 11. Give it the caption Bacon Decomposition and label it fig:bacon.
2. Now run csdid yield, ivar(qnno) time(tindex) gvar(first_icp) tr(icp). Calculate the aggregated overall ATT by running estat event and use eststo to save the result. Then use esttab to create a table of the results from this model and the TWFE model you estimated in the last exercise.
3. How do these results compare to the standard Two-Way Fixed Effects estimate you found in the last exercise?

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