Investigating population heterogeneity with factor mixture models.
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Abstract
Sources of population heterogeneity may or may not be observed. If the sources of heterogeneity are observed (e.g., gender), the sample can be split into groups and the data analyzed with methods for multiple groups. If the sources of population heterogeneity are unobserved, the data can be analyzed with latent class models. Factor mixture models are a combination of latent class and common factor models and can be used to explore unobserved population heterogeneity. Observed sources of heterogeneity can be included as covariates. The different ways to incorporate covariates correspond to different conceptual interpretations. These are discussed in detail. Characteristics of factor mixture modeling are…
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Topics
Keywords
- Covariate
- Econometrics
- Factor analysis
- Population
- Exploratory factor analysis
- Latent class model
- Statistics
- Mixture model
UN Sustainable Development Goals
- Gender equality
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