Harris Todaro Model | Rural Urban Migration | Expected Wage rate and Actual wage rate

In this video we will learn about the Harris tadero model of migration. The main idea of This model is : This model is an economic model of rural-urban migration that argues migrants are motivated by differences in expected, rather than actual, wages between rural and urban areas. Migrants weigh the probability of finding urban employment against the higher wages they anticipate if successful, even if urban unemployment is high,  #harristaderomodel