Hjort, Jonas; Li, Xuan; Sarsons, Heather - 2022
Many employers link wages at the firm’s establishments outside of the home region to the level at headquarters …. Multinationals that anchor-to-the headquarters also transmit wage changes arising from shocks to minimum wages and exchange rates in … headquarter wages, but not after a temporary (exchange rate-induced) one. We show this using data on 1,060 multinationals …