Abstract
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. This article presents the model, discusses its identification, and describes some empirical applications based on the model.
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Heckman, J.J., Taber, C. (2018). Roy Model. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2627
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2627
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