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Matching, Turnover, and Unemployment

Boyan Jovanovic
Journal of Political Economy 1984 92(1), 108-122
This paper develops the view that workers move into and out of the labor market because of changes in the perceived value of their market opportunities. A search model is combined with a matching model to yield movement of workers from job to job and into and out of employment.

Matching, Turnover, and Unemployment

Boyan Jovanovic
Journal of Political Economy 1984 92(1), 108-122
This paper develops the view that workers move into and out of the labor market because of changes in the perceived value of their market opportunities. A search model is combined with a matching model to yield movement of workers from job to job and into and out of employment.