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Universal base period seems identical to varying in event study #10

@askulstad

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@askulstad

Hi, thanks for the package!

I’m running an event study using cont_did() with aggregation = "eventstudy". When I set base_period = "universal" versus "varying", I get identical pre-treatment estimates, including a non-zero estimate for event time g−1.

From the documentation, my understanding is that "universal" should normalize g−1 to zero. That does not seem to be happening in my case.

Is the universal base period fully implemented for event study aggregation, or am I misunderstanding how it should behave?

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