Use the variables in Equation (9.1) to cite at least two reasons why it may be rational
Question:
Use the variables in Equation (9.1) to cite at least two reasons why it may be rational for a family to migrate from one part of the country to another, even though the hypothetical move produces a decline in family earnings in the first year of work following the move.
Equation 9.1
Transcribed Image Text:
v, = E, – E, Σ (1 + i)" (1 + i)" n= 1 n=1
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The potential cost of migrating increase with the increase in the family size therefore it is expect...View the full answer
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Related Book For
Contemporary Labor Economics
ISBN: 978-1259290602
11th Edition
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
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