TY - RPRT AU - Pfann, Gerard A. TI - Options to Quit PY - 2000/Sep/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 197 UR - https://www.iza.org/index.php/publications/dp197 AB - 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. KW - voluntary turnover KW - Job mobility KW - fixed costs KW - timing KW - downsizing ER -