WHY FOREIGN OWNERSHIP MAY BE GOOD FOR YOU*

• 成果类型: Article
• 署名作者: Egger, Hartmut; Kreickemeier, Udo
• 署名单位: University of Bayreuth; Leibniz Association; Ifo Institut; Leibniz Association; Leibniz Institute for Solid State & Materials Research Dresden; Eberhard Karls University of Tubingen
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12011
• 发表日期: 2013
• 页码: 693-716
• 关键词: owned firms pay; direct-investment; labor-market; wage premium; TRADE; multinationals

摘要

We develop a two-country model with heterogeneous producers and rent-sharing at the firm level. We identify two sources of a multinational wage premium: A composition effect because multinational firms are more productive, make higher profits, and pay higher wages, and a firm-level wage effect, because a firm makes higher global profits and thus pays higher wages in its home market when becoming multinational. With two identical countries, the wage premium is fully explained by firm characteristics. Allowing for technology differences between countries, a residual wage premium exists in the technologically backward country but not in the advanced country.