The Roy (1951) model of self-selection on outcomes is one of the most important models in economics. It is a framework for analysing comparative advantage. The original model analysed occupational choice with heterogeneous skill levels and has subsequently been applied in many other contexts. We first discuss the model. We then summarize what is known about identification of the model. We end by describing some applications based on the model and its extensions.
CITATION STYLE
Heckman, J. J., & Taber, C. (2010). Roy model. In Microeconometrics (pp. 221–228). Palgrave Macmillan UK. https://doi.org/10.1057/9780230280816_27
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