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VerfasserInnen / HerausgeberInnen
AutorIn 1:	Oberhofer, Harald
AutorIn 2:	Stöckl, Matthias
AutorIn 3:	Winner, Hannes
HerausgeberIn 1:	Österreichisches Institut für Wirtschaftsforschung - WIFO
Titel
Titel:	The Wage Premium of Globalisation
Untertitel:	Evidence from European Mergers and Acquisitions
Veröffentlichungsvermerk
Ort:	Wien
Verlag:	Österreichisches Institut für Wirtschaftsforschung - WIFO
Jahr:	2012
Reihe:	WIFO Working Papers, No. 416, January 2012
Abstract
Abstract:	We provide evidence on the impact of globalisation on labour market outcomes analysing pay differences between foreign-acquired and domestically-owned firms. For this purpose, we use firm level data from 16 European countries over the time period 1999 to 2006. Applying propensity score matching techniques we estimate positive wage premia of cross-boarder merger and acquisitions, suggesting that foreign acquired firms exhibit higher short-run (post-acquisition) wages than their domestic counterparts. The observed wage disparities are most pronounced for low paying firms (with average wages below the median). Finally, we find systematic wage premia in Western European countries, but not so in Eastern Europe.
Verfügbarkeit
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URL:	Österreichisches Institut für Wirtschaftsforschung - WIFO