Which one of the following statements regarding job turnover in the U.S. labor market is false?
A) The quit rate is almost always higher than the layoff rate.
B) The overall separation rate is much higher for younger workers than older workers.
C) The overall separation rate falls with tenure on the job.
D) Workers who have a lot of seniority are likely to switch to a different firm when their wage-age profile begins to flatten out.
E) The quit rate is higher than the layoff rate for both young and old workers when they are in the first few years on a job.

Question

Quizplus · Accepted Answer

Seniority typically leads to increased job security and benefits, making workers less likely to switch firms as their wage-age profile flattens.

Which One of the Following Statements Regarding Job Turnover in the U.S