Economics · Migration Models

In the Harris-Todaro model of rural-urban migration, equilibrium is reached when:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rural-urban wage differentials are eliminated through capital flows alone
2Urban unemployment reaches zero through labour absorption
3The expected urban wage (adjusted for unemployment probability) equals the rural wage✓
4The actual urban wage equals the rural wage

Correct answer

The expected urban wage (adjusted for unemployment probability) equals the rural wage

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