factorana

MaRDI QIDQ7376768CRANFDO

Authors Greg Veramendi, Jess Xiong

Last update 10 June 2026

Copyright license GNU General Public License, version 3.0

Software version identifier PACKAGES.rds, 1.2.0, 1.3.4, 1.7.1

Description

A flexible framework for estimating factor models with multiple latent variables. Supports linear, probit, ordered probit, and multinomial logit model components. Features include multi-stage estimation, automatic parameter initialization, analytical gradients and Hessians, and parallel estimation. Methods are described in Heckman, Humphries, and Veramendi (2016) <doi:10.1016/j.jeconom.2015.12.001>, Heckman, Humphries, and Veramendi (2018) <doi:10.1086/698760>, and Humphries, Joensen, and Veramendi (2024) <doi:10.1257/pandp.20241026>.

Cites work

• Dynamic treatment effects
• Returns to Education: The Causal Effects of Education on Earnings, Health, and Smoking
• The Gender Wage Gap: Skills, Sorting, and Returns

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