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Household Possessions Indices as Wealth Measures: A Validity Evaluation

by Raykov, Tenko , Traynor, Anne

in Academic Achievement / Assets / Check Lists / Comparative studies / Confirmatory factor analysis / Correlation / Correlations / Cross Cultural Studies / Educational resources / Elementary School Students / Error of Measurement / Estimate reliability / Evaluation Methods / Factor Analysis / Family Financial Resources / Foreign Countries / Households / Indexes / Indonesia / Israel / Item Analysis / Measurement / Measurement errors / Measures / Modeling / Numeracy / Outcomes of education / Ownership / Parametric models / Parent socioeconomic status / Program for International Student Assessment / Progress in International Reading Literacy Study / Psychometrics / Quantitative psychology / Questionnaires / Sample Size / Scope of employment / Scores / Secondary School Students / Secondary schools / Socioeconomic factors / Socioeconomic Status / Structural Equation Models / Surveys / Trends in International Mathematics and Science Study / Validity / Wealth

2013

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Household Possessions Indices as Wealth Measures: A Validity Evaluation

by Raykov, Tenko , Traynor, Anne

2013

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Household Possessions Indices as Wealth Measures: A Validity Evaluation

by Raykov, Tenko , Traynor, Anne

2013

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Journal Article

Household Possessions Indices as Wealth Measures: A Validity Evaluation

Raykov, Tenko,

Traynor, Anne

2013

Overview

In international achievement studies, questionnaires typically ask about the presence of particular household assets in students' homes. Responses to the assets questions are used to compute a total score, which is intended to represent household wealth in models of test performance. This study uses item analysis and confirmatory factor analysis to assess the validity of assets indices as wealth measures in three educational surveys of primary or secondary school students. We find that scores generated from binary household asset items can reasonably be interpreted as predominantly measuring a single wealth factor, but some scores are imprecise, with between one-third and one-half of their variability attributable to measurement error. Our study illustrates the potential of psychometric analyses to contribute to improvement of the household wealth items administered in similar international achievement assessments.

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Publisher

University of Chicago Press,University of Chicago, acting through its Press

Subject

Academic Achievement

/ Assets

/ Check Lists

/ Comparative studies

/ Confirmatory factor analysis

/ Correlation

/ Correlations