The Labor Market Effects of Foreign-Owned Firms

• Tác giả: Rita Almeida
• Ngôn ngữ: eng
• Ký hiệu phân loại: 331.1 Labor force and market
• Thông tin xuất bản: World Bank, Washington, D.C., 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 322318
• Chủ đề: 1. ECONOMICALLY ACTIVE POPULATION; 2. EMPLOYMENT OPPORTUNITIES; 3. FOREIGN COMPANIES; 4. LABOR FORCE POPULATION; 5. LABOR MARKETS

Tóm tắt

Foreign firms often have a more educated workforce and pay higher wages than domestic firms. This does not necessarily imply that foreign ownership translates into higher demand for educated workers or higher wages, since foreign investment may be guided by unobservable firm characteristics correlated with the demand for educated workers or wages. The author examines foreign acquisitions of domestic firms in Portugal in the 1990s and finds small changes in the workforce skill composition and wages following acquisition. Foreign investors "cherry pick" domestic firms that are already very similar to the group of existing foreign firms.