How does the age of prospective migrants affect the cost–benefit evaluation of moving to another nation?

What will be an ideal response?

The age of prospective migrants affects both benefits and costs in the calculations to migrate or stay put. Older people tend to migrate less because they are closer to retirement and thus are expected to receive less lifetime benefits from the higher wages offered in other nations. On the other hand, younger migrants find it easier to move to other nations because they tend to have fewer roots and ties to local communities, tend to be single or have small families and have fewer personal possessions to transport.

Economics

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A firm's average variable cost is $60, its total fixed cost is $3,000, and its output is 600 units. Its average total cost is

A) less than $58. B) between $58 and $62. C) between $62 and $64. D) more than $64.

Economics

For the utility function U = Wa, what values of "a" correspond to being risk averse, risk neutral, and risk loving?

What will be an ideal response?

Economics