In the context of the Solow model, illustrate with appropriate descriptions the impact of increased migrant workers on capital per worker and output per worker in an economy.
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In the context of the Solow model, illustrate with appropriate descriptions the impact
of increased migrant workers on capital per worker and output per worker in an
economy.
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- What support and resources are necessary to foster immigrant Entrepreneurship and maximize the potential of skill complementarity in Malaysia?Perfect labor mobility would tend to equalize real wage rates in participating countries. In reality, complete wage equalization does not occur. Why? In addition, if stringent restrictions are imposed on migration, what will happen to capital in high wage countries?Since oral societies can be characterized as homeostatic, cite three contemporary words and their meanings which are not found in dictionaries but have been coined by society. Please include links or cite the references. Thank you.
- True or False. Because older adults have more human capital, they are more likely to migrate to another country than younger adults.For questions 7- 10: Suppose a worker's skill-is captured by his efficiency units of labor (s). The distribution of efficiency units in the population is such that worker i has efficiency unit 2i. There are 100·workers in the population. In deciding whether to migrate to the Utopia, these workers compare their weekly earnings at home (wo) with their potential earnings: in the Utopia (wi). The wage-skills relationship in each of the two·countries is given by: wo=200+sand wi=260+0.5se 7. For worker with rank 50, his/her skill-is- A. 10 units B. 20 unitse C. 100 units D. 200 unitse 8. If there is no migration cost, at most,; A. 60; positively selected C. 40; positively selected workers will migrate to Utopia. The immigrant flow is: B. 60; negatively selectede D. 40; negatively selectede 9. For this question only, suppose it costs $10- to migrate. At most, flow is workers will migrate to Utopia. The immigrant A. 40; negatively selected C. 50; negatively selectede B. 40; positively…What is the significance when discussing regional transfer of skills and selfselection in migration?
- Because there is not a precise measure for human capital, the World Bank data and most economists in the field use what information to proxy for human capital? a) population size b) the stock of physical capital c) the amount of oil produced in the economy d) educational attainmentSuppose that a country has a produ ction function, where Lis labour, K is capital and A is total factor produ ctivity, as follows: Y = F(K, L) = A.K0.25L0.75 a) Write the produ ction function in "intensive form" (output per worker as a fun ction of capital per worker). b) Suppose, initially,that A = 4 andits growth rate is zero. The country has a population growth of 1% per year (0.01) and a depreciation rate of 10% (0.10). If the county saves 30% of nation al in come, find the steady state levels of capital per worker, as well as con sumption andincome per worker.Help me understand this experiemental economics question: To study if there is gender discrimination in labour markets a researcher sends out 4000 job applications for two kinds of positions advertised by the same international company: copyediting and computer programming. (Hint: The company may have stereotypes about who would be an ideal candidate for the two jobs. Copyediting may be female stereotyped and computer programming may be male stereotyped.) Draw a full factorial design table for this experiment. What are the outcome variables from this experiment? Identify at least two hypotheses you would be able to test with this experiment. Present the results you would expect to find graphically.
- Mixed economic system is also calledEducation, better skill, training and good health are examples of physical capital True/False1.9. Factor payments in the Solow model. Assume that both labor and capital are paid their marginal products. Let wo denote ƏF(K, AL)/ƏL and r denote [OF (K, AL)/ƏK] – 6. 47 (a) Show that the marginal product of labor, w, is A [f(k) - kf (k)]. (b) Show that if both capital and labor are paid their marginal products, constant returns to scale imply that the total amount paid to the factors of production equals total net output. That is, show that under constant returns, wL + rK = F(K, AL) – 6K. (c) The return to capital (r) is roughly constant over time, as are the shares of output going to capital and to labor. Does a Solow economy on a balanced growth path exhibit these properties? What are the growth rates of w and r on a balanced growth path? (d) Suppose the economy begins with a level of k less than k*. As k moves toward k*, is a growing at a rate greater than, less than, or equal to its growth rate on the balanced growth path? What about r?