PSweight: An R Package for Propensity Score Weighting Analysis
Tianhui Zhou, Guangyu Tong, Fan Li, Laine Thomas, Fan Li
Abstract
Propensity score weighting is an important tool for comparative effectiveness research. Besides the inverse probability of treatment weights (IPW), recent development has introduced a general class of balancing weights, corresponding to alternative target populations and estimands. In particular, the overlap weights (OW) lead to optimal covariate balance and estimation efficiency, and a target population of scientific and policy interest. We develop the R package [PSweight](https://CRAN.R-project.org/package=PSweight) to provide a comprehensive design and analysis platform for causal inference based on propensity score weighting. PSweight supports (i) a variety of balancing weights, (ii) binary and multiple treatments, (iii) simple and augmented weighting estimators, (iv) nuisance-adjusted sandwich variances, and (v) ratio estimands. PSweight also provides diagnostic tables and graphs for covariate balance assessment. We demonstrate the functionality of the package using a data example from the National Child Development Survey (NCDS), where we evaluate the causal effect of educational attainment on income.