diff --git a/pkgs/development/python-modules/linearmodels/default.nix b/pkgs/development/python-modules/linearmodels/default.nix
index 8210ae5d0a5f..1e54b035f249 100644
--- a/pkgs/development/python-modules/linearmodels/default.nix
+++ b/pkgs/development/python-modules/linearmodels/default.nix
@@ -17,14 +17,14 @@
 
 buildPythonPackage rec {
   pname = "linearmodels";
-  version = "6.1";
+  version = "7.0";
   pyproject = true;
 
   src = fetchFromGitHub {
     owner = "bashtage";
     repo = "linearmodels";
     tag = "v${version}";
-    hash = "sha256-oWVBsFSKnv/8AHYP5sxO6+u5+hsOw/uQlOetse5ue88=";
+    hash = "sha256-/unFszNGaEPsoXDtaS3tsLnsX4A6e7Y88O8pDrf4nKc=";
   };
 
   postPatch = ''
@@ -64,7 +64,7 @@ buildPythonPackage rec {
   meta = {
     description = "Models for panel data, system regression, instrumental variables and asset pricing";
     homepage = "https://bashtage.github.io/linearmodels/";
-    changelog = "https://github.com/bashtage/linearmodels/releases/tag/v${version}";
+    changelog = "https://github.com/bashtage/linearmodels/releases/tag/${src.tag}";
     license = lib.licenses.ncsa;
     maintainers = with lib.maintainers; [ jherland ];
   };