Product market competition and wage formation (B06)

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The project addresses two main issues: the increase in residual wage inequality and the dynamics of within-firm wage inequality. In the first funding period, we focussed on the role of factor reallocations within firms, the role of wage bargaining, and changes in industrial relations caused by product market competition. In the second funding period, we want to focus on three related issues: the role of worker identity and how globalization has changed the way workers identify with their workplace, the incentives to innovate and how they differ for firms of different sizes, and the link between global product markets and national education markets and how globalization changes expected returns for different types of education.