期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2014
出版社：European Central Bank
摘要：This paper analyses differences in employment volatility inforeign-owned and domestic companies using firm-level datafrom 24 European countries. The presence of foreign-ownedcompanies may lead to higher employment volatility becausesubsidiaries of multinational companies react more sensitively tochanges in labour demand in host countries or because they aremore exposed to external shocks. We assess the conditional employmentvolatility of firms with foreign and domestic owners usingpropensity score matching and find that it is higher in foreignownedfirms in about half of the countries that our study covers.In addition, we explore how and why labour demand elasticitydiffers between these two groups of companies. Our estimationsindicate that labour demand can be either more or less elastic insubsidiaries of foreign-owned multinationals than in domestic enterprises,depending on the institutional environments of theirhome and host countries
关键词：foreign direct investment (FDI); employment volatility; labour;demand; labour market institutions; European Union
