Asked by Keandra Moffitt on May 12, 2024
Verified
Older workers are
A) much more likely to migrate than younger workers because older workers have lower moving costs.
B) much less likely to migrate than younger workers because older workers are more likely to have children at home.
C) much more likely to migrate than younger workers because older have lower implicit costs of migrating.
D) much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local community.
Older Workers
Individuals in the workforce who are near or beyond the typical age of retirement, often facing unique employment challenges and opportunities.
Moving Costs
Expenses incurred by individuals or companies when relocating from one place to another, including transportation and packing costs.
- Recognize the contribution of age and human capital to the chances of migrating.
Verified Answer
BK
Bea Katreen BobadillaMay 16, 2024
Final Answer :
B
Explanation :
Older workers are generally less likely to migrate than younger workers, primarily because they are more likely to have established families, children at home, and stronger ties to their communities, which increases the personal and economic costs of moving.
Learning Objectives
- Recognize the contribution of age and human capital to the chances of migrating.