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Multinationals, skills, and wage elasticities
[journal article]
Abstract The increase in foreign direct investments raises concerns about labor market consequences in many countries. It is feared that multinational firms are inclined to shift jobs abroad and increase job volatility. We use firm-level data to examine if multinationality and foreign ownership affect the wa... view more
The increase in foreign direct investments raises concerns about labor market consequences in many countries. It is feared that multinational firms are inclined to shift jobs abroad and increase job volatility. We use firm-level data to examine if multinationality and foreign ownership affect the wage elasticity of labor demand. Unlike previous studies, we distinguish the effect on different skill groups of employees. We find no general difference in wage elasticity between foreign and domestic firms but the wage elasticity is higher in multinational firms than in national firms, in particular for medium-skilled workers.... view less
Keywords
direct investment; foreign investment; wage; multinational corporations; labor demand; flexibility
Classification
Economics
Labor Market Research
Free Keywords
FDI; Cross-border acquisitions; Multinational enterprises; Foreign ownership; Labor demand; Skill groups; JEL classification: J23; F16; F21; F23
Document language
English
Publication Year
2010
Page/Pages
p. 263-280
Journal
Review of World Economics, 146 (2010) 2
DOI
https://doi.org/10.1007/s10290-009-0047-9
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)