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1. Consider the Roy model, where workers in France are deciding whether to mi- grate to the United States. Suppose that the wage-skill locus in
1. Consider the Roy model, where workers in France are deciding whether to mi- grate to the United States. Suppose that the wage-skill locus in France is given by wer(s) = 600 + 2s, while the wage-skill locus in the United States is given by, wus(s) = max{700, 200 + 4s). Carefully draw the wage-skill locuses for both coun- tries, and both label and calculate which skill levels migrate to the United States. 1. Consider the Roy model, where workers in France are deciding whether to mi- grate to the United States. Suppose that the wage-skill locus in France is given by wer(s) = 600 + 2s, while the wage-skill locus in the United States is given by, wus(s) = max{700, 200 + 4s). Carefully draw the wage-skill locuses for both coun- tries, and both label and calculate which skill levels migrate to the United States
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