Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81268
Authors: 
Hakkala, Katariina
Heyman, Fredrik
Sjöholm, Fredrik
Year of Publication: 
2007
Series/Report no.: 
IFN Working Paper 709
Abstract: 
The growing number of cross-border acquisitions has in many countries raised concerns about labor demand consequences. In this study, we use detailed firm level data to examine how increased internationalization and multinational activity affect the volatility of employment, or rather, the wage elasticity of labor demand. We analyze whether the wage elasticity of labor demand differs between multinational and non-multinational firms as well as between foreign-owned and domestic firms, and we are able to distinguish between different skill groups of employees. Moreover, we separate between an acquisition effect and a general ownership effect. Our results do not show any general difference in wage elasticities between different types of firms.
Subjects: 
FDI
Cross-Border Acquisitions
Multinational Enterprises
Foreign Ownership
Labor Demand
Skill Groups
GMM
JEL: 
F16
F21
F23
J23
Document Type: 
Working Paper

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