Search

Multinationals, cross-border acquisitions and wage dispersion

PublicationArticle (with peer review)
Foreign Direct Investment, Företagandets villkor, Fredrik Heyman, Kompetens, Lönebildning, Patrik Tingvall

Abstract

We examine the impact of cross-border acquisitions on intra-firm wage dispersion using a detailed Swedish linked employer-employee data set including data on all firms and about 50% of the Swedish labour force with information on job-tasks and education. Foreign acquisitions of domestic multinationals and local firms increase wage dispersion but so do also other types of cross-border acquisitions. Hence, it is the acquisition itself rather than foreign ownership that increases wage dispersion. The positive wage effect is concentrated to CEOs and other managers, whereas other groups are either negatively affected or not affected at all.

Heyman, F., Sjöholm F. & Gustavsson Tingvall, P. (2011). Multinationals, cross-border acquisitions and wage dispersion. Canadian Journal of Economics, 44(2): 627-650.


Similar content

A Literature Review of the Nexus between Migration and Internationalization
Article (with peer review)Publication
Hatzigeorgiou, A. & Lodefalk, M.
Publication year

2021

Abstract

Protectionism and anti-globalization tides have been rising already before the COVID-19 pandemic, with Brexit and the China-U.S. trade war, as two examples. A continued disruption to global trade, investment and value chains could worsen global development. Economic recovery will require restoring firms’ ability to trade, offshore and invest globally. To achieve this, it will be useful to understand the role of migration for foreign trade, investment and other aspects of internationalization. In this paper we review and discuss over 100 papers published about migrants’ roles on international trade, foreign direct investment and offshoring. Although the evidence suggests that migration facilitates trade and internationalization, we also note substantial gaps and inconsistencies in the existing literature. The aim of this paper is to encourage further research and assist policymakers in their efforts to promote economic recovery including internationalization.

Lönebildning och den låga löneglidningen
ReportsPublication
Uddén Sonnegård, E.
Publication year

2020

Published in

Arbetsmarknadsprogrammet

Abstract

Sammanfattning:
Löneglidningen har varit oväntat låg i Sverige och i det närmaste obefintlig under senare år. Vad beror detta på? Löneglidning (som kallas restpost i den officiella lönestatistiken) mäts som löneökningar utöver avtalade löneökningar. Att löneglidningen helt skulle ha försvunnit ifrågasätts i denna rapport. Resultaten visar att löneglidning finns men inte är synlig i aggregatet eftersom den trycks tillbaka av strukturella förändringar i arbetskraftens sammansättning beroende på bransch, utbildning och ålder. För att visa detta introducerar jag begreppet ”genuin” löneglidning inspirerad av Edmund Phelps grundläggande artikel ”Wage Drift” från 1962. Genuin löneglidning betecknar, enligt min definition, skillnaden mellan löneökningar rensade för strukturella förändringar och avtalade löneökningar. När löneökningarna 2015–2018 rensas med avseende på ålder visar beräkningarna för näringslivet att arbetarna fått negativ och tjänstemännen positiv genuin löneglidning om ålderssammansättningen i personalstyrkan är densamma som året innan (minus 0,3 respektive plus 1 procent 2018).

Working Paper no. 328 Wholesale firms: A catalyst for Swedish exports?
Working paperPublication
Daunfeldt, S-O., Engberg, E., Halvarsson, D., Kokko, A. & Tingvall, P.
Publication year

2019

Published in

Ratio Working Paper

Abstract

This paper examines the role of wholesale firms as facilitators of exports for small and medium-sized Swedish businesses. Our findings suggest that wholesale firms do facilitate access to difficult markets located outside Europe. For exports of a particular good to a given market, we observe a positive correlation between the export volumes of wholesale and manufacturing firms. Finally, we present evidence that supports a prediction from recent trade models with differentiated firms, namely that wholesale firms can facilitate exports for firms that are not themselves capable of direct exports.

Show more

Bankgiro: 512-6578