IE Seminar – Rita Pető (IE) Foreign Acquisition and the Return to Skills

20/02/2020 - 20/02/2020 14:00 - 16:00

Venue: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K011-12-es előadóterem

I study the effect of foreign takeovers on the return to specific skills. Using administrative data on Hungarian workers and firms augmented with occupation level skill requirement measures, I find a positive and significant increase in the return to independent problem solving skills after a foreign acquisition, while the effect is smaller and less robust in the case of interpersonal skills, and I find no effect on the return to routine task intensity. These results are not driven by a subgroup of workers (such as managers) or by any special firm types (such as manufacturing firms), the pattern is general. I also show that the change in the valuation of independent problem solving skills can explain the increase in the white-collar wage premium. I argue that these findings are in line with the hypothesis that foreign investors decentralize the firm structure after the takeover.

Felhasználási feltételek
Impresszum
Intézményünk országos és nemzetközi hálózati kapcsolatát az NIIF program biztosítja
Közgazdaság- és Regionális Tudományi Kutatóközpont Közgazdaság-tudományi Intézet
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