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

Journal for Labour Market Research

László Balázsi¹  István Boza¹  János Köllő² 

[1]Central European University, Budapest, Hungary

[2]Institute of Economics, Hungarian Academy of Sciences, Budapest, Hungary

关键词: Multinational enterprises;    FDI;    Wage differentials;    Wage spillover;    Hungary;    F23;    J24;    J31;    O33;   

DOI  :  10.1186/s12651-021-00286-0

来源: Springer

【 摘 要 】

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.

【 授权许可】

CC BY