Godart, Olivier; Görg, Holger; Greenaway, David - Institute for the Study of Labor (IZA) - 2012
labour demand in domestic multinationals is less sensitive to labour cost changes than in foreign multinationals. This … difference in the wage elasticity of labour demand persists even when we control for the skill intensity of firms or their level … multinational firms protects against strong fluctuations in labour demand. Overall, our results suggest that the wage elasticity of …