wages increase by about 45%. The results are based on multiple instrumental variables, including firm-specific international … country: RS is weaker in firms with more women and less educated workers; RS involves an element of risk sharing, as wages … wages tend to reduce RS; and, while employer labour market power reduces wages, it increases RS. Overall, despite its …

understand better the nature of RS in the country: it involves an element of risk sharing, as wages also decrease when profits … fall; RS is lower in regions with more latent competition from rural workers; higher minimum wages tend to reduce RS; and …, while employer labour market power reduces wages, it increases RS. Overall, despite its importance, RS in China is smaller …