The human-capital model predicts that people move when O the net gain, including moving costs, to migration is positive. O the present value of the earnings stream at the current location is greate value of the earnings stream if the worker moves. O there are no costs to moving. O the present value of the earnings stream at the new location is positive. Othey are unemployed.

The human-capital model predicts that people move when O the net gain, including moving costs, to migration is positive. O the present value of the earnings stream at the current location is greate value of the earnings stream if the worker moves. O there are no costs to moving. O the present value of the earnings stream at the new location is positive. Othey are unemployed.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 4TY

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