Show how workers who wish to maximize the present value of, Microeconomics

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Show how workers who wish to maximize the present value of

Problem

1. Show how workers who wish to maximize the present value of lifetime earnings calculate the net gains to migration, and discuss how this net gain depends on incomes in the states of origin and destination, and on migration costs.

2. Why is there a difference between the private gains to migration and the family's gains to migration? Discuss how this difference generates tied stayers and tied movers. Can both the husband and the wife be tied movers?

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