TY  - RPRT
        AU  - Picard, Pierre M.
AU  - Toulemonde, Eric
        TI  - The Impact of Labor Markets on Emergence and Persistence of Regional Asymmetries
        PY  - 2001/Jan/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 248
        UR  - https://www.iza.org/publications/dp248
        AB  - This paper investigates the impact of labor markets and economies of agglomeration on firms location. We show that the existence of a lower bound on wage (e.g. a minimum wage or a reservation wage) introduces asymmetric location of firms. Moreover, changes in that lower bound or in global product demand may induce irreversible changes in location equilibria. Asymmetries in firms location may thus emerge and persist.
        KW  - persistence
KW  - Firms location
KW  - wages
        ER  -