Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64855 
Year of Publication: 
2012
Series/Report no.: 
CESifo Working Paper No. 3940
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Many countries use centralized exit exams as a governance devise of the school system. While abundant evidence suggests positive effects of central exams on achievement tests, previous research on university-bound students shows no effects on subsequent earnings. We suggest that labor-market effects may be more imminent for students leaving school directly for the labor market and, on rigid labor markets, for unemployment. Exploiting variation in exit-exam systems across German states, we find that central exams are indeed associated with higher earnings for students from school types directly bound for the labor market, as well as with lower unemployment.
Subjects: 
central exit exams
earnings
unemployment
Germany
JEL: 
I20
J24
J31
J64
Document Type: 
Working Paper
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