We develop a dynamic, stochastic multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the reallocation and job career literatures. Our model makes a number of predictions: a positive correlation between job turnover rates and...

We develop a dynamic, stochastic multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the reallocation and job career literatures. Our model makes a number of predictions: a positive correlation between job turnover rates and...