Options to quit

G.A. Pfann*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


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.
Original languageEnglish
Pages (from-to)259-265
JournalEconomics Letters
Issue number70
Publication statusPublished - 1 Jan 2001


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