Table 4.Employment and Wage Rates for Manufacturing MOFA's in High-Wage and Low-Wage Host Countries, 1992
|Average hourly wage rate, 1989 (dollars)/1/||Employment by manufacturing MOFA's|
|Thousands of employees||Share of sample total (percent)/2/|
|All sample countries||3,067.0||100.0|
|Korea, Republic of||4.44||18.6||.6|
- Average hourly wage paid to production workers of MOFA's, 1989.
- To ensure the statistical significance of the data underlying the distinction between "high-wage" and "low-wage" countries, the analysis is restricted to a sample of host countries having the largest presence of manufacturing MOFA's, based on the 1989 benchmark survey of U.S. direct investment abroad. To be included in the sample, a country must have hosted manufacturing MOFA's that together had at least 10,000 employees in that year; such countries accounted for roughly 95 percent of all employment by manufacturing MOFA's in that year.
- The distinction between "high-wage" and "low-wage" countries is based on estimates of average hourly wages of production workers of manufacturing MOFA's from the 1989 benchmark survey. High-wage countries are defined as those with average hourly wages higher than $9.30 (the unweighted average hourly wage in 1989 of all countries included in the sample), and low-wage countries are defined as those with average hourly wages lower than that level.
MOFA Majority-owned foreign affiliate