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Title:Options to Quit PDF Logo
Authors:Pfann, Gerard A.
Issue Date:2000
Series/Report no.:IZA Discussion paper series 197
Abstract:This paper develops a theoretical model of a worker?s decision problem under uncertainty about the optimal separation time, when holding a representative outside offer but facing fixed costs of quitting. Implications of the model?s closed form solution are consistent with the quit behavior of workers from a large Dutch company.
Subjects:Job mobility
fixed costs
timing
downsizing
voluntary turnover
JEL:J63
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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