The authors provide evidence on the impact of foreign ownership on labor market outcomes analyzing pay differences between foreign-acquired and domestically owned firms. For this purpose, they use firm-level data from 16 European countries over the time period 19992006. Combing propensity score...

European multinationals show a growing divergence in their response to the formation of regional trade blocs, according to evidence from seven industries. European firms that are strong competitors at the world level are able to adjust aggressively to changes within Europe without disturbing...