Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/324970 
Year of Publication: 
2025
Series/Report no.: 
CESifo Working Paper No. 11979
Publisher: 
CESifo GmbH, Munich
Abstract: 
This paper examines the impact of a reform aimed at expediting graduation times in Italian universities by reducing the number of exams students must pass to obtain the fixed number of credits required to graduate. Using event-study estimates that leverage the reform's staggered implementation, we find that this policy change led to an increase in on-time graduation rates but also resulted in a decreased probability of employment one-year post-graduation. However, this negative effect reverses into a positive one in the medium run. We show that these patterns are explained by students using the time gained from earlier graduation to pursue additional educational qualifications in the year following graduation.
Subjects: 
higher education
policy evaluation
time to graduation
labor outcomes
JEL: 
I23
I26
I28
J22
Document Type: 
Working Paper
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