Monotonicity and the Roy Model

In this note we study the implications on a bivariate normal Roy Model of two sets of monotonicity hypotheses proposed recently by Manski and Pepper (2000). In that simple context, we show that these hypotheses imply strong restrictions on the correlations structure between the decision and the rewards.

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Year of publication:	2002-05
Authors:	Chevalier, Arnaud ; Lanot, Gauthier
Institutions:	Centre for Economic Research, School of Economics and Management Studies
Subject:	Roy Model \| Monotonicity Conditions

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Extent:	application/pdf
Series:	Keele Economics Research Papers. - ISSN 1740-231X.
Type of publication:	Book / Working Paper
Notes:	Published in The Manchester School, Vol. 72(4), July 2004, pages 560-567. [ doi:10.1111/j.1467-9957.2004.00408.x ] The text is part of a series Keele University, Department of Economics Discussion Papers Number KERP 2002/06 16 pages
Classification:	C25 - Discrete Regression and Qualitative Choice Models ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005767556