The expected private rate of return to migration to a particular individual:
A)is similar to that on other forms of investment in human capital
B)equals that individual's actual rate of return
C)cannot be determined because there are backflows in migration
D)cannot be determined because there are earnings disparities between the origin and the destination

Question

Quizplus · Accepted Answer

The expected private rate of return to migration to a particular individual is similar to that on other forms of investment in human capital. It is based on factors like the cost of migrating, the expected income differential between the origin and destination, the expected duration of migration, and the expected likelihood of success in the destination country. It can be calculated by comparing the lifetime earnings of the individual with and without migration, and adjusting for the cost and risk of migration. The concept of private rate of return refers to the individual's perspective and is based on their personal circumstances and goals. It may differ from the social rate of return or the overall impact of migration on the origin and destination countries.

The Expected Private Rate of Return to Migration to a Particular