Asked by Harry Singh on May 06, 2024
Verified
Because there are costs to migration,
A) complete wage equalization is unlikely to occur, even if national governments impose no restrictions on migration.
B) migrants are more likely to move to countries far from their origin nation.
C) migrant and domestic-born workers are unlikely to be substitute resources.
D) wage equalization will only occur if migrant and domestic-born workers are complementary resources.
Wage Equalization
The theory or goal of aligning wages for similar work across different regions or sectors to minimize inequality.
Migration Costs
Expenses and losses associated with moving from one location to another, often considered in the context of labor mobility or relocation.
Substitute Resources
Alternate resources or inputs that can be used in place of one another in the production process, often leading to competition between them.
- Discuss the implications of migration on labor market dynamics and wage rates.
Verified Answer
Learning Objectives
- Discuss the implications of migration on labor market dynamics and wage rates.
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