LABOR ECONOMICS (LL+ACCESS)
8th Edition
ISBN: 9781264909339
Author: BORJAS
Publisher: 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 8 percent currently resides in Chicago and is deciding whether to remain there or to move to Phoenix. There are three work periods left in the life cycle. If the worker remains in Chicago, he will earn $40,000 in each of the three periods. If the worker moves to Phoenix, he will earn $43,500 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?
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
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?
Chapter 8 Solutions
LABOR ECONOMICS (LL+ACCESS)
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- If immigrants into a country are primarily low-skilled workers, it will most likely reduce all workers' wages. increase all workers' wages. reduce the wages of some workers. have no impact on any worker's wages.arrow_forwardThe last three decades in the United States have been characterized by a very wide gap between the wages of those with more education and those with less. Suppose that workers eventually adjust to this gap by investing more in education, with the result that the wages of less skilled workers rise faster than those of the more-skilled (so that the wage gap between the two falls). How would a decline in the wage gap between the skilled and the unskilled affect immigration to the United States?arrow_forwardWhich region of the world was at one time a large source of immigrants for the United States, but today makes up only a small percentage? Europe China India Mexico and Central America Brazilarrow_forward
- What does ILO stand for?arrow_forwardShow how workers who wish to maximize the present value of lifetime earnings calculate the net gains to migration, and discuss how this net gain depends on incomes in the states of origin and destination and on migration costs.arrow_forwardHow do you think an investment in human capital will impact you and the effect it has on wages and employment opportunities.arrow_forward
- 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
- If temporary workers are allowed to apply for permanent residency after one year of work, how will this impact other new immigrants who may have less experience in Canadian workplaces?arrow_forwardWhat effect can immigration have on the US economy? Please explain your answer?arrow_forwardWhat factors prompted millions of immigrants to move to large American cities?arrow_forward
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