PAPERS UNDER REVIEW:

• "Job Changes and Individual - Job Specific Wage Dynamics". Banco de España WP 0907 2009, IZA DP 5088 2010. Revision requested by Labour Economics.
  This version February 2011
  In this paper I estimate a dynamic panel data model for the wage process. The novel feature of the model is to consider job-specific effects as well as individual fixed effects, leaving the distribution of both unobserved heterogeneity components completely unrestricted. Instead of explicitly modeling the job mobility process, I propose a reduced-form wage equation in which job changes are regarded as a function of past shocks, individual and job characteristics. Based on the modeling choices and the identifying assumption, orthogonality conditions are constructed to implement a GMM estimation method. In the data, drawn from the PSID, I find that - once individual and job-specific effects are taken into account - persistence is significant but small. As expected, the persistence is higher for non-movers and also for those who move voluntarily, than for those who involuntarily lose their jobs. The estimated variance of the job-specific effects represents less than a 10 percent of the variance of the individual time-invariant component. However, if we exclude non-movers, the estimated variability across jobs increases up to more than 20 percent.
  Close ABSTRACT
  

WORKING PAPERS:

• "Earnings Inequality in Spain: Evidence from Social Security Data", with Stéphane Bonhomme.
  This version March 2012 - ABSTRACT
  


• "Retirement patterns of couples in Europe", with Gema Zamarro.
  This version January 2012 - ABSTRACT
  

WORK IN PROGRESS:

• "Temporary Jobs in Spain", with Pilar Cuadrado and Aitor Lacuesta (in progress).


• "The Public-Private Wage Gap by Gender: Evidence from Spanish Income Tax Data", with Enrique Moral-Benito (in progress).


• "Does supply of higher education affect educational attainment and productivity? Evidence from new universities in Spain", with Natalia Zinovyeva (in progress).