{"id":115774,"date":"2024-01-22T19:45:37","date_gmt":"2024-01-22T18:45:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/115774\/"},"modified":"2024-11-07T04:33:12","modified_gmt":"2024-11-07T03:33:12","slug":"the-wage-premium-of-globalisation-evidence-from-european-mergers-and-acquisitions","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/115774\/","title":{"rendered":"The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-115774","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"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 premiums 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 premiums in Western European countries, but not so in Eastern Europe.","onlinedate":"2012-01-10 01:00:00","lang":"English","publication_series":"","publication_date":"20120101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"17","keywords":"[\"Globalisation\",\"mergers and acquisitions\",\"propensity score matching\",\"wage effects\"]","jelcodes":"[]","related_publications":"[]","pdf":342358,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"416","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3481,3491],"collaboration":"","persons":[3600,14823,4973],"persons_data":"[{\"personId\":3600,\"personName\":\"Harald Oberhofer\",\"organisationNames\":[]},{\"personId\":14823,\"personName\":\"Matthias St\u00f6ckl\",\"organisationNames\":[]},{\"personId\":4973,\"personName\":\"Hannes Winner\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Oberhofer, H.<\\\/span>, St\u00f6ckl, M.<span>, &amp; Winner, H.<\\\/span> (2012). <span>The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (416). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43312\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/43312<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Oberhofer H<\\\/span>, St\u00f6ckl M<span>, Winner H<\\\/span>. <span class=\\\"title\\\"><span>The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2012 Jan;(416).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{797ec7b7989d47479a57efba15ba7bfe,<\\\/div><div>  title    = \\\"The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions\\\",<\\\/div><div>  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 premiums 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 premiums in Western European countries, but not so in Eastern Europe.\\\",<\\\/div><div>  keywords = \\\"Globalisation, mergers and acquisitions, propensity score matching, wage effects, Globalisation, mergers and acquisitions, propensity score matching, wage effects\\\",<\\\/div><div>  author   = \\\"Harald Oberhofer and Matthias St{\\\\\\\"o}ckl and Hannes Winner\\\",<\\\/div><div>  year     = \\\"2012\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions<\\\/p><p>AU  - Oberhofer, Harald<\\\/p><p>AU  - St\u00f6ckl, Matthias<\\\/p><p>AU  - Winner, Hannes<\\\/p><p>PY  - 2012\\\/1<\\\/p><p>Y1  - 2012\\\/1<\\\/p><p>N2  - 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 premiums 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 premiums in Western European countries, but not so in Eastern Europe.<\\\/p><p>AB  - 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 premiums 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 premiums in Western European countries, but not so in Eastern Europe.<\\\/p><p>KW  - Globalisation<\\\/p><p>KW  - mergers and acquisitions<\\\/p><p>KW  - propensity score matching<\\\/p><p>KW  - wage effects<\\\/p><p>KW  - Globalisation<\\\/p><p>KW  - mergers and acquisitions<\\\/p><p>KW  - propensity score matching<\\\/p><p>KW  - wage effects<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/115774\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/115774\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T03:33:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/115774\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/115774\\\/\",\"name\":\"The Wage Premium of Globalisation: Evidence from European Mergers and Acquisitions - 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