Working Paper No. 675

Acquisitions, Multinationals and Wage Dispersion

Published: November 21, 2006Pages: 28Keywords: FDI, Multinational Companies; Foreign Ownership; Wage-Dispersion; Skill Groups; Matched Employer-Employee DataJEL-codes: C23; F23; J31

Acquisitions, Multinationals and Wage Dispersion Fredrik Heyman, Fredrik Sjöholm and Patrik Gustavsson Tingvall


Multinational firms pay relatively high wages. Less is known about the wage structure within multinational and non-multinational firms. We examine the impact of acquisitions on wage dispersion in Sweden using a large matched employer-employee data set. Foreign acquisitions of Swedish firms increase wage dispersion by increasing wages for high-skilled workers. The positive impact is concentrated to CEOs and managers, whereas other groups are either negatively affected or not affected at all. The impact on high-skilled workers’ wages seems to be caused by the acquisition rather than the ownership itself, since ownership changes from foreign to Swedish result in similar increases.

 

Fredrik Heyman

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Ph: +46 8 665 4537
fredrik.heyman@ifn.se

Fredrik Sjöholm

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

Interdisciplinary European Studies

The European Union in a Changing World Order

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This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. 

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