Do Second Chances Pay Off? Evidence from a Natural Experiment with Low-Achieving Students

Aspasia Bizopoulou (), Rigissa Megalokonomou () and Stefania Simion ()
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Aspasia Bizopoulou: VATT Institute for Economic Research, Arkadiankatu
Rigissa Megalokonomou: Monash University, Business School, Department of Economics
Stefania Simion: School of Economics, University of Bristol

No 2023-05, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: In several countries, students who fail end-of-high-school high-stakes exams are faced with the choice of retaking or forgoing postsecondary education. We explore exogenous variation generated by a policy that imposed a performance threshold for admission into post secondary education in Greece to estimate the effect of retaking exams on academic performance and various measures of the quality of received offers. Using a fuzzy regression discontinuity design and novel administrative data, we find that low-achieving students who retake national exams improve their performance by around 0.6 of a standard deviation, and obtain higher quality postsecondary offers.

Keywords: postsecondary education; admission; low-achieving students; exogenous policy; fuzzy regression (search for similar items in EconPapers)
JEL-codes: I21 (search for similar items in EconPapers)
Date: 2023-05
New Economics Papers: this item is included in nep-ure
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