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Full-Text Articles in Business
Unrestricted Factor Analysis: A Powerful Alternative To Confirmatory Factor Analysis, Jan-Benedict E.M. Steenkamp, Alberto Maydeu-Olivares
Unrestricted Factor Analysis: A Powerful Alternative To Confirmatory Factor Analysis, Jan-Benedict E.M. Steenkamp, Alberto Maydeu-Olivares
Faculty Publications
The gold standard for modeling multiple indicator measurement data is confirmatory factor analysis (CFA), which has many statistical advantages over traditional exploratory factor analysis (EFA). In most CFA applications, items are assumed to be pure indicators of the construct they intend to measure. However, despite our best efforts, this is often not the case. Cross-loadings incorrectly set to zero can only be expressed through the correlations between the factors, leading to biased factor correlations and to biased structural (regression) parameter estimates. This article introduces a third approach, which has emerged in the psychometric literature, viz., unrestricted factor analysis (UFA). UFA …
Omitted-Ability Bias And The Increase In The Return To Schooling, Mckinley L. Blackburn, David Neumark
Omitted-Ability Bias And The Increase In The Return To Schooling, Mckinley L. Blackburn, David Neumark
Faculty Publications
Over the 1980s, there were sharp increases in the return to schooling estimated with conventional wage regressions. We explore whether the relationship between ability and schooling changed over this period in ways that would have increased the schooling coefficient in these regressions. Our empirical results reject the hypothesis that an increase in the bias of the schooling coefficient, due to a change in the relationship between ability and schooling, has contributed to observed increases in the return to schooling.We also find that the increase in the schooling return has occurred for workers with relatively high levels of academic ability.
Research On Effective Schools: Implications For Less Developed Countries, Elchanan Cohn, Richard A. Rossmiller
Research On Effective Schools: Implications For Less Developed Countries, Elchanan Cohn, Richard A. Rossmiller
Faculty Publications
No abstract provided.