How does the age of prospective migrants affect the cost–benefit evaluation of moving to another nation?
What will be an ideal response?
The age of prospective migrants affects both benefits and costs in the calculations to migrate or stay put. Older people tend to migrate less because they are closer to retirement and thus are expected to receive less lifetime benefits from the higher wages offered in other nations. On the other hand, younger migrants find it easier to move to other nations because they tend to have fewer roots and ties to local communities, tend to be single or have small families and have fewer personal possessions to transport.
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When the exchange rate falls, in the foreign exchange market the
A) quantity demanded of the currency increases. B) demand for the currency increases. C) quantity demanded of the currency decreases. D) demand for the currency decreases.
The demand for gold increases, other things equal, when
A) the market for silver becomes more liquid. B) interest rates are expected to rise. C) interest rates are expected to fall. D) real estate prices are expected to increase.
In the labor negotiation game:
a. The payoffs from bargaining hard are only higher if your opponent accommodates b. The payoffs from bargaining hard are only higher if your opponent bargains hard c. The payoffs are always higher if you bargain hard d. The payoffs are always higher if your opponent bargains hard
A bilateral monopoly is a market situation in which there is only one buyer and only one seller
a. True b. False Indicate whether the statement is true or false