Clare lives in France and earns $30,000 per year at her job. She is considering a job
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Clare lives in France and earns $30,000 per year at her job. She is considering a job offer in the United States, which would give her a salary of $32,000 per year for the next 4 years, after which she will return to France and start her university education. Moving costs (to the United States and back) would be $6,000, living expenses are similar in both places, and her personal discount rate is 6 percent.
If she moved to the United States for this 4-year experience, what is the present value of her net gain or loss?
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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