Use Equation (9.1) to explain the likely effect of each of the following on the present value

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Use Equation (9.1) to explain the likely effect of each of the following on the present value of net benefits from migration:

Equation 9.1

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(a) Age,

(b) Distance,

(c) Education,

(d) Marital status,

(e) The discount rate (interest rate).

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson

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