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onsider a situation in which there are just two countries: an Origin, and a Destination country. Wages in the origin country are given by: wo=10+5s
onsider a situation in which there are just two countries: an Origin, and a Destination country. Wages in the origin country are given by: wo=10+5s where s are years of schooling. Wages in the destination are given by: wd=5+10s. where s are years of schooling. Migrating from the Origin to the Destination country requires paying a fixed cost of 10 corresponding to a Visa fee. a. Draw a figure in which the y-axis represents wages net of migration costs in each of the countries, and the x-axis represents years of schooling.
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