Central Bank of Nigeria Library

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The impact of the minimum wage on regional labor markets/

By: Material type: ArticleArticlePublication details: Washington : American Enterprise Institute for Public Policy Research, 1981.ISBN:
  • 084473425X
Subject(s): DDC classification:
  • 331.12  KRU
Summary: 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.
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Item type Current library Collection Call number Copy number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 331.12 KRU (Browse shelf(Opens below)) c.1 Available 31008100226923

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.

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