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

Journal for Labour Market Research

Table 9 The effect of coworkers with recent outside work experience on the wages of skilled workers in domestic enterprises 2005–2011

	Share of coworkers with recent MNE experience by their level of skill			Share of coworkers with recent experience in other domestic firms by their level of skill
	Unskilled	Middling	Skilled	Unskilled	Middling	Skilled
Notations in Eq. 3:	θ_F1	θ_F2	θ_F3	θ_D1	θ_D2	θ_D3
All domestic firms	0.007 (0.9)	0.013 (1.5)	0.020* (1.9)	0.016*** (3.2)	0.024*** (3.4)	− 0.037*** (− 4.5)
Domestic firms employing > 50 workers	0.006 (0.5)	0.057** (2.1)	0.060*** (3.4)	0.002 (0.2)	0.064*** (3.4)	− 0.019 (− 1.3)

Significant at *0.1, **0.05, ***0.01 level. The t-values are based on standard errors adjusted for clustering by persons and firms. \(\theta_{F3}\) is significantly larger than \(\theta_{F1}\) and \(\theta_{D3}\), but not \(\theta_{F2}\). \(\theta_{F2}\) is significantly larger than \(\theta_{F1}\)
Sample: 3,731,548 person-months belonging to skilled workers in 116,249 firms in full sample, 2,474,843 person-months in 77,412 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, worker and firm fixed-effects