Reassessing the Foreign Ownership Wage Premium in Germany.

Autor/inn/en	Egger, Hartmut; Jahn, Elke; Kornitzky, Stefan
Titel	Reassessing the Foreign Ownership Wage Premium in Germany. Gefälligkeitsübersetzung: Neubewertung des Lohnvorteils in ausländischen Unternehmen in Deutschland.
Quelle	In: The world economy, 43 (2020) 2, S. 302-325 PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	online; Zeitschriftenaufsatz
ISSN	1467-9701
DOI	10.1111/twec.12910
Schlagwörter	Auslandsinvestition; Einkommenseffekt; Lohnentwicklung; Multinationales Unternehmen; Unternehmen; Berufsbiografie; Qualifikation; Auswirkung; IAB-Betriebspanel; IAB-Linked-Employer-Employee-Datensatz; Übernahme
Abstract	"This paper evaluates the effect of foreign takeover on wages of workers in German establishments, using rich linked employer'employee data from 2003 to 2014. To identify a causal effect of foreign takeover, we combine propensityscore matching with a difference'in'difference estimator. We find that a takeover by a foreign investor leads to a wage premium of 4.0 log points in the year after ownership change, which further increases to 6.3 log points three years after acquisition. The wage premium is largest for high'skilled workers, which is consistent with three theoretical arguments, namely rent appropriation by managers, technology protection, and training on new technology. We also show that the wage premium does not pick up an exporter effect due to a platform investment of the foreign owner, that it takes about four years before it fully develops, that it does not vanish after foreign divestment, and that the wage increase is specific to foreign acquisition instead of ownership change per se." (Author's abstract, Published by arrangement with John Wiley & Sons).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2020/3