Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/67202
Authors: 
Kooreman, Peter
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, Forschungsinstitut zur Zukunft der Arbeit 6832
Abstract: 
Resit exams - extra opportunities to do an exam in the same academic year - are widely prevalent in European higher education, but uncommon in the US. I present a simple theoretical model to compare rational student behavior in the case of only one exam opportunity versus the case of two exam opportunities. Numerical examples for a wide range of plausible parameter values show that a second exam opportunity increases the ultimate passing probability only slightly, but strongly reduces average total student effort.
Subjects: 
frequency of examinations
education production function
rationality
JEL: 
D01
I21
Document Type: 
Working Paper

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