2006–2010

Multinationals, Skills, and Wage Elasticities

Reprint No. 2010:20

Author(s): Katariina Nilsson Hakkala, Fredrik Heyman and Fredrik SjöholmYear: 2010 Title: Review of World Economics Volume (No.): 146 (2) Pages: 263–280
Online article (restrictions may apply)


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.


Reference:
Nilsson Hakkala, Katariina, Fredrik Heyman and Fredrik Sjöholm (2010), "Multinationals, Skills, and Wage Elasticities". Review of World Economics 146(2), 263–280.

Fredrik Heyman

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fredrik.heyman@ifn.se

Fredrik Sjöholm

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Ph: +46 46 222 74 26
fredrik.sjoholm@nek.l...

An Agenda for Europe

Institutional Reform for Innovation and Entrepreneurship

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The authors of this book, Niklas Elert, Magnus Henrekson and Mikael Stenkula, advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal.

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