Explain the concept of expected urban rural wage differential

Question

06 Jul 2022

Answer :

Word Count : 206

The Harris–Todaro model, named after John R. Harris and Michael Todaro, is an economic model developed in 1970 and used in development economics and welfare economics to explain some of the issues concerning rural-urban migration. The main assumption of the model is that the migration decision is based on expected income differentials _____ ___ _____ ____ __________ ___ ______ ______ ______ ________ _____ ____.
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