Household Risk Preparation Indices—Construction and Diagnostics
Recent years have seen growing interest in the conceptualization and measurement of household risk preparedness at the cross-country level. This paper discusses the challenges faced in the design of composite indices, including indicator selection, aggregation, weighting, and how they might be addressed in the composition of a risk preparedness measure. A simple risk index is devised and a series of diagnostic tests conducted in order to demonstrate the robustness of the new measures and its degree of construct validity.
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| Main Author: | |
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| Format: | Working Paper biblioteca |
| Language: | en_US |
| Published: |
World Bank, Washington, DC
2013-11-11
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| Subjects: | risk preparedness, risk index, household risk, indicators, index design, index diagnostics, aggregate index, weighting, principle components analysis, PCA, imputation, estimated margin of error, rescaling, factor analysis, indicator correlation, |
| Online Access: | http://hdl.handle.net/10986/16370 |
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