Wealth Index (PCA/MCA)

[dariomeili]

I would propose that for a proof of concept, we use a wealth index as an outcome measure. We can do this with the FactoMineR package to conduct a principal component analysis (in this case the special case of multiple correspondence analysis (MCA).

I uploaded some data from Ghana (ghana_ai_men&women_2014.dta), where all the asset variables are available. We need the vars hv025:hv213 for the index.