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Job Matching and the Theory of Turnover

  • Jovanovic, Boyan

A revised version of Jovanovic's model. Given current human capital level, the worker decides how to devide time between investment in human capital and search for other jobs. The probabilty of getting another offer depends on search effort. The worker can always stay in his current job if he wants to. The distribution of new job offers is uniform in the program.

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Article provided by University of Chicago Press in its journal Journal of Political Economy.

Volume (Year): 87 (1979)
Issue (Month): 5 (October)
Pages: 972-90

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Handle: RePEc:ucp:jpolec:v:87:y:1979:i:5:p:972-90
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  1. Recursive Macroeconomic Theory

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