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KTI seminar

Start: 02/20/2020 14:00
End: 02/20/2020 16:00
Location: MTA HTK 1097 Budapest Tóth Kálmán u. 4. fszt. K11-12-es előadóterem

Description

Rita Pető (IE): Foreign Acquisition and the Return to Skills

 

I study the effect of foreign takeovers on the return to specific skills. Using administrative data on Hungarian workers and firms augmented with occupation level skill requirement measures, I find a positive and significant increase in the return to independent problem solving skills after a foreign acquisition, while the effect is smaller and less robust in the case of interpersonal skills, and I find no effect on the return to routine task intensity. These results are not driven by a subgroup of workers (such as managers) or by any special firm types (such as manufacturing firms), the pattern is general. I also show that the change in the valuation of independent problem solving skills can explain the increase in the white-collar wage premium. I argue that these findings are in line with the hypothesis that foreign investors decentralize the firm structure after the takeover.

Call for Papers - The Role of State in Varieties of Capitalism - 29-30 November 2021

Call for Papers - The Role of State in Varieties of Capitalism - 29-30 November 2021Deadline for abstract submission: 30 July, 2021; abstracts (max. 300 words) are expected via easychair system.

Halpern 70 conference - 17 June 2021

Halpern 70 conference - 17 June 2021Held in a hybrid form: offline venue: Institute of Economics - Centre for Economic and Regional Studies /1097 Budapest, Tóth Kálmán u. 4./ and online (zoom). Please register here: kti.titkarsag@krtk.hu until 10th of June.

Call for Papers - 12th Annual Financial Market Liquidity Conference - Budapest, Hungary 11-12th November 2021

Call for Papers - 12th Annual Financial Market Liquidity Conference - Budapest, Hungary 11-12th November 2021The Department of Finance, Corvinus University of Budapest and the Game Theory Research Group, Centre for Economic and Regional Studies are organizing the Annual Financial Market Liquidity Conference for the twelfth time. This year, Corvinus University of Budapest hosts the conference both onsite as well as on a virtual conferencing platform allowing for a hybrid and flexible format.

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