Mertens, Matthias2025-05-302021kxp: 1758319917https://epflicht.bibliothek.uni-halle.de/handle/123456789/100721758319917urn:nbn:de:gbv:3:2-1375983106226I study how labour market power affects firm wage differences using German manufacturing sector firm-level data (1995-2016). In past decades, labour market power increasingly moderated rising between-firm wage inequality. This is becausehigh-paying firms possess high and increasing labour market power and pay wages below competitive levels, whereas low-wage firms pay competitive wages. Over time, large, high-wage, high-productivity firms generate increasingly large labour market rents while selling on competitive product markets. This provides novel insights on why such "superstar firms" are profitable and successful. Using micro-aggregated data covering most economic sectors, I validate my results for ten other European countries.1 Online-Ressource (III, 85 Seiten, 3,34 MB) : Diagrammeenghttp://rightsstatements.org/vocab/InC/1.0/inequalitylabour market powermonopsonyrent-sharingsuperstar firms330Book