Do Multinational Firms Have Higher Worker Turnover? Evidence from Establishment-level Data in Korea

• 발행기관: 한국무역학회
• 저자명: Heechul Min
• 간행물 정보: 『Journal of Korea Trade (JKT)』Vol.28 No.8, 25~46쪽, 전체 22쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2024.12.31

국문 초록

Purpose - This paper investigates whether multinational firms have higher worker turnover compared to domestic firms. The analysis aims to provide insights into job insecurity in multinational firms. While one strand of the literature emphasizes the multinational firms’ flexibility to relocate production overseas, another argues that geographic diversification makes them less susceptible to economic shocks. Design/Methodology - This paper uses propensity score matching combined with the difference-in-differences approach to estimate the causal effect of multinational status on worker turnover. It uses establishment-level data from Korea and focuses on separation and hire rates in multinational and domestic firms. Findings - A simple comparison indicates that worker turnover in multinational firms is significantly lower; however, the difference-in-differences method in combination with propensity score matching finds no significant effect of multinational status on worker turnover. The results remain robust across various empirical specifications. The findings do not support the concern that multinational firms are associated with high worker turnover. The lower turnover observed in multinational firms results from the fact that firms with initially low turnover are more likely to become multinational. Originality/value - Existing research on worker turnover in multinational firms is limited to European countries. To the best of the author’s knowledge, no previous papers use data from Korea to study the effects of multinational status on worker turnover.

목차

1. Introduction

2. Literature

3. Data

4. Empirical Analysis

5. Conclusion

References

키워드

Job Insecurity Multinational Firms Worker Turnover

참고문헌

• American Economic Journal: Economic Policy
• International Review of Economics and Finance
• Review of World Economics
• Canadian Journal of Economics
• Institute of Labor Economics (IZA)
• Review of World Economics
• Review of Economics and Statistics
• World Economy
• Journal of Economic Perspectives
• Fiscal Studies
• Labour Economics
• Labour Economics
• Oxford Bulletin of Economics and Statistics
• International Journal of Manpower
• Journal of International Economics
• Journal of Korea Trade
• Labour Economics
• Scandinavian Journal of Economics
• Canadian Journal of Economics
• Review of World Economics
• KIEP Policy Analysis
• Review of Economics and Statistics
• Journal of International Economics
• European Economic Review
• American Economic Review
• Journal of Business & Economic Statistics
• Journal of Korea Trade
• European Economic Review
• Journal of Economic Studies
• Journal of Economics Studies
• Scandinavian Journal of Economics
• Journal of the European Economic Association
• ILR Review
• Discussion Paper
• Review of Economics and Statistics
• European Journal of Industrial Relations
• Peterson Institute for International Economics