@TechReport{iza:izadps:dp5088,
            	author={Hospido, Laura},
            	title={Job Changes and Individual-Job Specific Wage Dynamics},
            	year={2010},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={5088},
            	url={https://www.iza.org/publications/dp5088},
	abstract={This paper develops an error components model that is used to examine the impact of job changes on the dynamics and variance of individual log earnings. I use data on work histories drawn from the Panel Study of Income Dynamics (PSID) that makes it possible to distinguish between voluntary and involuntary job-to-job changes. The potential endogeneity of job mobility in relation to earnings is circumvented by means of an instrument variable estimation method that also allows to control for unobserved individual-job specific heterogeneity. Once controlled for individual and job-specific effects, the persistence within jobs is almost zero, whereas across jobs is significant but small.},
	keywords={individual-job specific fixed effects;job changes;individual wages;dynamic models;panel data},
            }