{"title":"Wage gains from foreign ownership: evidence from linked employer-employee data.","authors":"János Köllő, István Boza, László Balázsi","doi":"10.1186/s12651-021-00286-0","DOIUrl":null,"url":null,"abstract":"<p><p>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.</p>","PeriodicalId":45469,"journal":{"name":"Journal for Labour Market Research","volume":"55 1","pages":"3"},"PeriodicalIF":1.6000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1186/s12651-021-00286-0","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal for Labour Market Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1186/s12651-021-00286-0","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2021/2/15 0:00:00","PubModel":"Epub","JCR":"Q2","JCRName":"INDUSTRIAL RELATIONS & LABOR","Score":null,"Total":0}
引用次数: 4
Abstract
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.
期刊介绍：
The Journal for Labour Market Research is a journal in the interdisciplinary field of labour market research. As of 2016 the Journal publishes Open Access. The journal follows international research standards and strives for international visibility. With its empirical and multidisciplinary orientation, the journal publishes papers in English language concerning the labour market, employment, education / training and careers. Papers dealing with country-specific labour market aspects are suitable if they adopt an innovative approach and address a topic of interest to a wider international audience. The journal is distinct from most others in the field, as it provides a platform for contributions from a broad range of academic disciplines. The editors encourage replication studies, as well as studies based on international comparisons. Accordingly, authors are expected to make their empirical data available to readers who might wish to replicate a published work on request. Submitted papers, who have passed a prescreening process by the editors, are generally reviewed by two peer reviewers, who remain anonymous for the author. In addition to the regular issues, special issues covering selected topics are published at least once a year. As of April 2015 the Journal for Labour Market Research has a "No Revisions" option for submissions (see ‘Instructions for Authors’).
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