Careers in Multinational Enterprises Evidence on the role of option values, public involvement and stalled sites

Marcus Roesch, Michiel Gerritse and Bas Karreman
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Marcus Roesch: Erasmus School of Economics
Bas Karreman: Erasmus School of Economics

No 24-005/V, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: Do workers in multinational enterprises (MNEs) build stronger CVs? We track the careers of all workers entering the Dutch labor market over the years 2006-2021 and find large and portable wage premia of MNE employment experience. Workers with experience at MNEs instead of domestic firms earn up to 14% higher wages within the MNE, and up to 11% higher wages after moving to another firm. Consistent with a model of MNEs that leverage the value of their employment experience, we find that MNEs hire more juniors, pay lower starting wages, and are more selective towards senior workers than domestic firms.

Keywords: multinationals; experience wage premia; firm organization; AKM; knowledge spillovers; Netherlands (search for similar items in EconPapers)
JEL-codes: F23 F66 J24 J31 (search for similar items in EconPapers)
Date: 2024-01-03
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-int and nep-ipr
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20240005

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