Job Mobility in Market Equilibrium

Glenn M. MacDonald

The Review of Economic Studies, 1988, vol. 55, issue 1, 153-168

Abstract: This paper develops a simple stochastic job matching model and uses it to derive a set of testable restrictions on the conditional probability with which a worker will be observed to change jobs over time. The restrictions describe the manner in which this probability varies with observable characteristics—current wage, labour market experience, tenure on current job, and past mobility. Econometric methods are also discussed, and some illustrative calculations provided.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:55:y:1988:i:1:p:153-168.

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