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http://hdl.handle.net/10419/44229
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| Title: | | Job changes and individual-job specific wage dynamics  |
| Authors: | | Hospido, Laura |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5088 |
| 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. |
| Subjects: | | panel data dynamic models individual-job specific fixed effects job changes individual wages |
| JEL: | | C23 J31 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-201008115870 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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