Scandinavian Working Papers in Economics
Working Paper Series,
Research Institute of Industrial Economics
No 675: Acquisitions, Multinationals and Wage Dispersion
Fredrik Heyman (), Patrik Gustavsson Tingvall () and Fredrik Sjöholm ()
Additional contact information
Fredrik Heyman: Research Institute of Industrial Economics, Postal: P.O. Box 6501, SE-113 83 Stockholm, Sweden
Patrik Gustavsson Tingvall: Stockholm School of Economics, Postal: P.O. Box 6501, SE-113 83 Stockholm, Sweden
Fredrik Sjöholm: Stockholm School of Economics, Postal: P.O. Box 6501, SE-113 83 Stockholm, Sweden
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
28 pages, November 21, 2006
Full text files
wp675.pdf
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