I am doing a regression with panel data of EU countries over time with observations from 2007-16. I want to use the observation for 2007 for each specific country as the weight. Is there a simple way to do this?
The is essentially the regression I run, but I don't think the weighting is working as I intend it to.
lm(log(POP25) ~ log(EMPLOY25), weights = POP25, data = data)
structure(list(...1 = 1:6, TIME = 2007:2012, NUTS_ID = c("AT",
"AT", "AT", "AT", "AT", "AT"), NUMBER = c(1L, 1L, 1L, 1L, 1L,
1L), POP15 = c(5529.1, 5549.3, 5558.5, 5572.1, 5601.1, 5620.8
), POP20 = c(5047.1, 5063.2, 5072.6, 5090, 5127.1, 5151.9), POP25 = c(4544,
4560.7, 4571.3, 4587.8, 4621.5, 4639), EMPLOY15 = c(3863.6, 3928.7,
3909.3, 3943.9, 3982.3, 4013.4), EMPLOY20 = c(3676.2, 3737, 3723.8,
3761.9, 3802.3, 3835), EMPLOY25 = c(3333.5, 3390.4, 3384.7, 3424.6,
3454.4, 3486.4)), row.names = c(NA, 6L), class = "data.frame")