Suppose high-wage workers are more likely than low-wage workers to move to a new state for a
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(a) Explain how this migration pattern can be due solely to differences in the distribution of wages.
(b) Explain how this migration pattern can take place even if the cost to moving is greater for high-wage workers.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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