TY  - RPRT
        AU  - Hospido, Laura
        TI  - Job Changes and Individual-Job Specific Wage Dynamics
        PY  - 2010/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 5088
        UR  - https://www.iza.org/publications/dp5088
        AB  - 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.
        KW  - individual-job specific fixed effects
KW  - job changes
KW  - individual wages
KW  - dynamic models
KW  - panel data
        ER  -