Working Paper Series
Acquisitions, Multinationals and Wage Dispersion
(), Patrik Gustavsson Tingvall
() and Fredrik Sjöholm
Abstract: Multinational firms pay relatively high wages. Less is
known about the wage structure within multinational and non-multinational
firms. We examine the impact of acquisitions on wage dispersion in Sweden
using a large matched employer-employee data set. Foreign acquisitions of
Swedish firms increase wage dispersion by increasing wages for high-skilled
workers. The positive impact is concentrated to CEOs and managers, whereas
other groups are either negatively affected or not affected at all. The
impact on high-skilled workers’ wages seems to be caused by the acquisition
rather than the ownership itself, since ownership changes from foreign to
Swedish result in similar increases.
Keywords: FDI; Multinational Companies; Foreign Ownership; Wage-Dispersion; Skill Groups; Matched Employer-Employee Data; (follow links to similar papers)
JEL-Codes: C23; F23; J31; (follow links to similar papers)
28 pages, November 21, 2006
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- This paper is forthcoming as:
Heyman, Fredrik, Patrik Gustavsson Tingvall and Fredrik Sjöholm, 'Acquisitions, Multinationals and Wage Dispersion', Canadian Journal of Economics.
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