How quits and layoffs help improve labor market efficiency

Reference no: EM132180347

Question: 1. How do quits and layoffs help improve labor market efficiency?

2. How should one interpret the fact that-all else being equal-workers with a great deal of seniority are less likely to separate from their jobs than newly hired workers?

3. How should one interpret the fact that all else being equal-workers with a great deal of seniority earn more than newly hired workers?

Reference no: EM132180347

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