An increasing number of recent studies have made use of worker-level data to analyse the role of foreign ownership for individual wages. The results challenge the conventional wisdom by suggesting that foreign takeovers in developed countries have, at best, a small positive effect on individual wages and that their effect could even be negative. For example, Martins (2006) shows for Portugal that the foreign wage premium disappears after controlling for worker selection and may even reduce individual wages by 3% for workers in foreign firms relative to their counterparts in domestic firms. Heyman et al. (2007) present similar findings for Sweden. By contrast, Andrews et al. (2007) for Germany, Malchow-Moller et al. (2007) for Denmark and Balsvik (2006) for Norway find small positive effects (1% - 3%). Relatively few studies exploit worker mobility to analyse the role of foreign ownership. Two exceptions are Andrews et al. (2007) and Balsvik (2006), who show that workers moving from a domestic to a foreign firm experience a 6% increase in wages in Germany and 8% in Norway. These findings may indicate that the short-term effects of foreign ownership may be more important for new hires in foreign firms than workers who stay in firms that change ownership.