Bayer, Patrick; Khan, Shakeeb; Timmins, Christopher - In: Journal of Business & Economic Statistics 29 (2011) 2, pp. 201-215
We consider identification and estimation of a Roy model that includes a common nonpecuniary utility component associated with each choice alternative. This augmented Roy model has broader applications to many polychotomous choice problems in addition to occupational sorting. We develop a pair...