Across-Country Wage Compression in Multinationals

• 成果类型: Article
• 署名作者: Hjort, Jonas; Li, Xuan; Sarsons, Heather
• 署名单位: University of London; University College London; Centre for Economic Policy Research - UK; University of Oslo; Hong Kong University of Science & Technology; University of British Columbia; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282; 1944-7981
• DOI: 10.1257/aer.20200042
• 发表日期: 2026-01
• 页码: 52-87
• 关键词: minimum-wages; instrumental variables; labor-markets; FIRMS; panel; pay; PRODUCTIVITY; INEQUALITY; inference; fairness

摘要

Many employers link wages at establishments outside of the home region to the level at headquarters. We show this using new data on 1,200 multinationals' establishments across the world and linked employee-level data on their establishments in Brazil. Headquarters wage changes arising from minimum wage and exchange rate shocks are partially transmitted to workers employed in the same position abroad. Wage change transmission appears to be direct and results from firm-wide wage-setting procedures rather than associated technology or employment changes. Anchored wage setting is somewhat associated with particular characteristics of the job x employer x headquarters-establishment country-pair.