Evaluating the foreign ownership wage premium using a difference-in-differences matching approach

• 成果类型: Article
• 署名作者: Girma, Sourafel; Gorg, Holger
• 署名单位: University of Nottingham; University of Nottingham
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2006.07.006
• 发表日期: 2007
• 页码: 97-112
• 关键词: MULTINATIONALS; acquisitions; wages; difference-in-differences; matching estimator

摘要

This paper seeks to identify the causal effect of foreign acquisitions on wages of skilled and unskilled workers, using difference-in-differences propensity score matching estimators. Our results suggest that there is substantial heterogeneity in the post-acquisition wage effect depending on the nationality of the foreign acquirer and the skill group of workers. We find sizable post acquisition wage effects on skilled and unskilled wages following an acquisition by a US firm. No such impacts result from acquisitions by EU multinationals. Also we discern some positive wage effects for unskilled workers resulting from acquisitions by multinationals from the rest of the world. (C) 2006 Elsevier B.V. All rights reserved.