Wage gains from foreign ownership: evidence from linked employer–employee data

Journal for Labour Market Research

Table 7 The effect of coworkers with recent outside work experience on the wages of skilled incumbents in domestic firms 2005–2011

	Share of coworkers with recent MNE experience within skill groups			Share of coworkers with recent experience in other domestic firms within skill groups
	Unskilled	Middling	Skilled	Unskilled	Middling	Skilled
Notations in Eq. 3:	θ_F1	θ_F2	θ_F3	θ_D1	θ_D2	θ_D3
All firms	0.012 (1.5)	0.003 (0.4)	0.042*** (3.9)	0.015** (3.1)	0.010 (1.5)	− 0.031*** (-4.5)
Firms employing > 50 workers	0.000 (0.0)	0.028 (1.2)	0.074*** (4.3)	0.005 (0.7)	0.042*** (2.8)	− 0.027** (− 2.1)

Significant at *0.1, **0.05, ***0.01 level. The t-values are based on standard errors adjusted for clustering by persons and firms.\(\uptheta _{{{\text{F}}3}}\) is significantly larger than \(\uptheta _{{{\text{F}}1}}\), \(\uptheta _{{{\text{F}}2}}\) and \(\uptheta _{{{\text{D}}3}}\). Sample: 3,730,789 person-months in 116,204 firms in the full sample, 2,474,830 person-months in 77,411 firms in the 50+ sample. Dependent variable: log daily wage in the given month relative to the national mean. Controls: person, job and firm characteristics, sector–year interactions, and worker fixed-effects