@TechReport{iza:izadps:dp197, author={Pfann, Gerard A.}, title={Options to Quit}, year={2000}, month={Sep}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={197}, url={https://www.iza.org/index.php/publications/dp197}, 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.}, keywords={voluntary turnover;Job mobility;fixed costs;timing;downsizing}, }