This article investigates the decline in turnover of manufacturing workers in the United States that occurred in the 1920s. Three labor-supply explanations are evaluated using aggregate data on manufacturing workers and case studies of four manufacturing firms. The labor-supply analysis does not yield a satisfying explanation of the decline in quit rates of manufacturing workers. The suggestion is made that an examination of firms' employment policies is necessary to explain why workers were quitting their jobs less frequently.
Individual Heterogeneity, Job Matching, and Returns to Tenure in Germany