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dc.contributor.authorBudd, John W.en_US
dc.contributor.authorKonings, Jozefen_US
dc.contributor.authorSlaughter, Matthew J.en_US
dc.date.accessioned2009-01-28T16:21:46Z-
dc.date.available2009-01-28T16:21:46Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/21368-
dc.description.abstractWe use a unique firm-level panel data set of multinational parents and their foreign affiliates to analyze whether profits are shared across borders within multinational firms. Using both fixed-effects and generalized method-of-moments estimators, affiliate wage levels are estimated to respond to both affiliate and parent profitability. The elasticity of affiliate wages to parent profits per worker is approximately 0.03, which can explain over 20 percent of the observed variation in affiliate wages. These results reveal a previously ignored aspect of labor-market rent sharing. They also reveal an important micro-level linkage with potential macro-level implications. International rent sharing can transmit economic conditions across national borders, and can thereby provide an implicit cross-country risk-sharing mechanism.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 560en_US
dc.subject.jelJ30en_US
dc.subject.jelF23en_US
dc.subject.ddc330en_US
dc.subject.keywordwagesen_US
dc.subject.keywordprofit sharingen_US
dc.subject.keywordmultinational firmsen_US
dc.subject.stwErfolgsbeteiligungen_US
dc.subject.stwLohnen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwAuslandsniederlassungen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwWelten_US
dc.titleWages and International Rent Sharing in Multinational Firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn355140446en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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