%0 Report
        %A Hospido, Laura
        %T Job Changes and Individual-Job Specific Wage Dynamics
        %D 2010
        %8 2010 Jul
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 5088
        %U https://www.iza.org/publications/dp5088
        %X 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.
        %K individual-job specific fixed effects
%K job changes
%K individual wages
%K dynamic models
%K panel data