LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Chapter 8, Problem 1P
To determine
Determine the highest cost of migration that the worker is willing to incur.
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Suppose a worker with an annual discount rate of 10 percent currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are three work periods left in the life cycle. If the worker remains in Pennsylvania, he will earn $20,000 per year in each of the three periods. If the worker moves to Illinois, he will earn $22,000 in each of the three periods. What is the highest cost of migration that a worker is willing to incur and still make the move?
A country with a strict immigration policy is now considering relaxing its policy to permit and encourage immigration in view of its growing aged population.
How do the characteristics of immigrants influence the effects of immigration on the receiving country?
What are the implications for the receiving country's government policy toward immigration?
Which type of migration best describes a move from the suburbs to a nearby city?
forced migration
voluntary migration
seasonal migration
interregional migration
intraregional migration
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- In 2000, the ratio of people age 65 or older to people ages 20 to 64 in Ecocountry was 38,4 %. In the year 2060, this ratio is expected to be 56,8 %. Assuming a pay as-you-go Social Security system, What change in the payroll tax rate between 2000 and 2060 would be needed to maintain the 2000 ratio of benefits to wages? If the tax rate were kept constant, what would happen to the ratio of benefits to wages? What other policies can be used for Social Security Reform?arrow_forwardWhich of the following best describes migration? OA Movement of school children to another state for an excursion B. Movement of teachers to conferences on professional development C. Movement of people across boundaries with the intention of establishing a permanent or semi-permanent residence D. Movement of people across boundaries without the intention of establishing a permanent or semi-permanent residence The United Nations Sustainable Development Goals has specific goals and targets related to human migration. True False The two forms of international migration are: A. Internal and International migration B. Immigration and Internal Migration C. In-migration and Out-migration D. Immigration and Emigration Which of the following groups has not been designated as "Population of Concern" by the United Nations Human Rights Commission for Refugees? A Asylum-seekers B. Black Lives Matter OC Internally-displaced persons OD. Returned internally-displaced personsarrow_forwardWorker migration will cause wage rates to equalize across two countries if all of the following conditions are met except that migration is motivated strictly by wage differentials. migration has no cost. both countries use the same currency. neither nation restricts or interferes with migration.arrow_forward
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