Artikel

Wage gains from foreign ownership: evidence from linked employer–employee data

We compare the wages of skilled workers in multinational enterprises (MNEs) versus domestic firms, the earnings of domestic firm workers with past, future and no MNE experience, and estimate how the presence of ex-MNE peers affects the wages of domestic firm employees. The analysis relies on monthly panel data covering half of the Hungarian population and their employers in 2003-2011. We identify the returns to MNE experience from changes of ownership, wages paid by new firms of different ownership, and the movement of workers between enterprises. We find high contemporaneous and lagged returns to MNE experience and significant spillover effects. Foreign acquisition has a moderate wage impact, but there is a wide gap between new MNEs and domestic firms. The findings, taken together, suggest that MNE employees accumulate partly transferable knowledge, valued in the high-wage segment of the local economy that is connected with the MNEs via worker turnover.

Sprache
Englisch

Erschienen in
Journal: Journal for Labour Market Research ; ISSN: 2510-5027 ; Volume: 55 ; Year: 2021 ; Issue: 1 ; Pages: 1-21 ; Heidelberg: Springer

Klassifikation
Wirtschaft
Multinational Firms; International Business
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
Technological Change: Choices and Consequences; Diffusion Processes
Thema
Multinational enterprises
FDI
Wage differentials
Wage spillover
Hungary

Ereignis
Geistige Schöpfung
(wer)
Köllo, János
Boza, István
Balázsi, László
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2021

DOI
doi:10.1186/s12651-021-00286-0
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Köllo, János
  • Boza, István
  • Balázsi, László
  • Springer

Entstanden

  • 2021

Ähnliche Objekte (12)