The graph indicates that recent evidence shows a significant decrease in the number of EU immigrants in
Question:
The graph indicates that recent evidence shows a significant decrease in the number of EU immigrants in the UK, coupled with an increase in immigration from non-EU countries.
A. Using graphs, explain the effects of the outflow of EU migrant workers on output, employment, wages, and rentals in the UK in the short-run. How do these effects differ in the long-run?
B. Assuming that the cause of the EU migrant exodus is a decline in real wages, how does a reduction in the average wage rate in the UK influence the selection of EU migrants who opt to remain in the country? Given that wages in the EU are more evenly distributed than in the UK, how are non-EU migrants selected if their home countries have more unequal labor markets than the UK?
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds