Download This PaperMonotonicity and the Roy Model
Keele Economics Research Paper No. 2002/06
14 Pages Posted: 11 Jul 2002
Date Written: May 2002
Abstract
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.
Keywords: Roy Model, Monotonicity Conditions
JEL Classification: C25, J31
Suggested Citation: Suggested Citation
Lanot, Gauthier and Chevalier, Arnaud, Monotonicity and the Roy Model (May 2002). Keele Economics Research Paper No. 2002/06, Available at SSRN: https://ssrn.com/abstract=316683 or http://dx.doi.org/10.2139/ssrn.316683
Arnaud Chevalier (Contact Author)
University College Dublin (UCD) - Institute for the Study of Social Change ( email )
Belfield
Dublin 4
Ireland
+353 1 716 4616 (Phone)
+353 1 716 1108 (Fax)
IZA Institute of Labor Economics
Schaumburg-Lippe-Str. 7 / 9
Bonn, D-53072
Germany
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