Job Mobility in Market Equilibrium
AbstractThis paper develops a simple stochastic job matching model and uses it t o derive a set of testable restrictions on the conditional probabilit y with which a worker will be observed to change jobs over time. The restrictions describe the manner in which this probability varies wit h observable characteristics-current wage, labor-market experience, t enure on current job, and past mobility. Econometric methods are also discussed, and some illustrative calculations provided. Copyright 1988 by The Review of Economic Studies Limited.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Review of Economic Studies.
Volume (Year): 55 (1988)
Issue (Month): 1 (January)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0034-6527
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- Wang, Ruqu & Weiss, Andrew, 1998. "Probation, layoffs, and wage-tenure profiles: A sorting explanation," Labour Economics, Elsevier, vol. 5(3), pages 359-383, September.
- James A Schmitz & Thomas J Holmes, 1992. "Managerial Tenure, Business Age And Small Business Dynamics," Working Papers 92-11, Center for Economic Studies, U.S. Census Bureau.
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