[SessionⅠ] Dynamics of the labor market : Household panel data analyses (노동시장 동학(Dynamics)의 국제비교 : 가구패널자료를 이용한 분석) [SessionⅡ] The Youth labor market : Youth panel data analyses (청년노동시장 : 청년패널자료 분석) [SessionⅢ] Retirement and income transfer between generation : Ageing panel data analyses (은퇴와 세대간의 소득이전: 고령자패널자료 분석) [SessionⅣ] Weight and imputation of panel data (패널 가중치와 무응답 보정) [SessionⅣ] Special session : international harmonization of panel data (특별세션 : 국제비교 연구를 위한 패널자료의 조율) [SessionⅤ] Workplace from an international perspective (사업체 동학의 국제비교)

This paper presents an equilibrium explanation of the inter- and intra-sectoral mobility of workers. Analyses of our samples from the Panel Study of Income Dynamics and the National Longitudinal Survey of Youth show that, other things being equal, the initial wage decline is greater for inter-sectoral overs than intra-sector movers. Inter-sectoral movers, however, enjoy higher wage growth in subsequent years on the post-unemployment job than in ra-sectoral movers do, and hence are compensated for their initial wage decline. Our estimates suggest that, other things being constant, the additional short-term wage loss associated with sector shifts is overturned in no more than four years by the greater wage growth in subsequent years of inter-sectoral movers.