Salazar-Ordóñez, Melania; García Alonso, Carlos Ramón; … - 2011
Borjas (1987, 1991 and 1994) developed the self-selection theory, applying Roy's model (1951) to migration studies. He … the individual investment decision theory (Human Capital theory), applying simulated data by Monte-Carlo method. The … theory of individual investment decisions allows us to analyze self-selection patterns across differences in wages and …