Assume that the starting salary for a computer programmer in the United States is $75,000CDN...
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Assume that the starting salary for a computer programmer in the United States is $75,000CDN as against $50,000CDN in Canada, and the person has a three period life cycle. Assume, further, that earnings can be expected to grow at 6 percent per year in both jobs. a) Calculate the present value of earnings under the two alternatives, assuming a discount rate of 5 percent. b) How much would a potential migrant have to value living in Canada in order to say? c) What factors can you identify (and possibly value) the might offset the benefits of moving
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