Options to Quit
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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.
- Maastricht University Netherlands
- Institute for the Study of Labor Germany
fixed costs, Labor market, contracts, ddc:330, downsizing, job mobility, Decision theory, voluntary turnover, Downsizing; Fixed Costs; Job Mobility; Timing; Voluntary Turnover, Arbeitsmobilität, Kündigung, Entscheidung bei Unsicherheit, Arbeitskräfte, Kosten-Nutzen-Analyse, timing, J63, Niederlande, Job mobility, Theorie, jel: jel:J63
fixed costs, Labor market, contracts, ddc:330, downsizing, job mobility, Decision theory, voluntary turnover, Downsizing; Fixed Costs; Job Mobility; Timing; Voluntary Turnover, Arbeitsmobilität, Kündigung, Entscheidung bei Unsicherheit, Arbeitskräfte, Kosten-Nutzen-Analyse, timing, J63, Niederlande, Job mobility, Theorie, jel: jel:J63
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