Jonas Krabbe Hjort

• Hjort, Jonas Krabbe; Li, Xuan & Sarsons, Heather (2026). Across-Country Wage Compression in Multinationals. The American Economic Review. ISSN 0002-8282. 116(1), p. 87–87. doi: 10.1257/aer.20200042. Full text in Research Archive Show summary

  Many employers link wages at establishments outside of the home region to the level at headquarters. We show this using new data on 1,200 multinationals’ establishments across the world and linked employee-level data on their establishments in Brazil. Headquarters wage changes arising from minimum wage and exchange rate shocks are partially transmitted to workers employed in the same position abroad. Wage change transmission appears to be direct and results from firm-wide wage-setting procedures rather than associated technology or employment changes. “Anchored” wage setting is somewhat associated with particular characteristics of the job × employer × headquarters-establishment country-pair. (JEL F23, F31, J24, J31, J38, M16, O15)

• Hjort, Jonas Krabbe & Tian, Lin (2025). The Economic Impact of Internet Connectivity in Developing Countries. Annual Review of Economics. ISSN 1941-1383. 17, p. 99–124. doi: 10.1146/annurev-economics-081224-102352. Full text in Research Archive Show summary

  Firms, workers, and consumers in developing countries are increasingly connected to each other and to the rest of the world through the internet. Can this connectivity transform poor economies, as technology optimists hope, or are there more deeply rooted barriers to economic development? Research on the topic is growing rapidly. In this article we provide an overview of existing evidence from 153 studies on the extent to which, and how, internet connectivity affects economic development. Not surprisingly, estimates vary widely with the context, particular outcome, and form of internet studied. Overall, the literature points toward sizable economic impacts in many—though not all—settings.

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• Hjort, Jonas Krabbe (2025). Norm-setting Divestment: The World’s Largest Investor’s Coal Exit and Global Emissions. Full text in Research Archive
• Holm, Martin B. & Hjort, Jonas Krabbe (2024). Hvor kostbar blir temperaturstigningen? Full text in Research Archive

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