Job Mobility in Market Equilibrium.

This 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.