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A multinomial probit model with latent factors: identification and interpretation without a measurement system

Rémi Piatek (University of Copenhagen), Miriam Gensowski (University of Copenhagen and IZA) ; IZA Institute of Labor Economics

We develop a parametrization of the multinomial probit model that yields greater insight into the underlying decision-making process, by decomposing the error terms of the utilities into latent factors and noise. The latent factors are identified without a measurement system, and they can be meaning...

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Bibliographic details
Main Author: Piatek, Rémi
Gensowski, Miriam
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : September 2017
Extent: 1 Online-Ressource (46 Seiten) : Diagramme
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper series / IZA Institute of Labor Economics ; no. 11042
Links: Fulltext
HBZ-ID: HT019467677 » further libraries in North Rhine-Westphalia
Database: ULB Bonn