Retaking in High Stakes Exams: Is Less More?

76 Pages Posted: 25 Apr 2017

See all articles by Kala Krishna

Kala Krishna

Pennsylvania State University - Department of Economics; National Bureau of Economic Research (NBER)

Sergey Lychagin

Central European University (CEU)

Verónica Frisancho

Inter-American Development Bank (IDB)

Multiple version iconThere are 3 versions of this paper

Date Written: December 2016

Abstract

Placement, both in university and in the civil service, according to performance in competitive exams is the norm in much of the world. Repeat taking of such exams is common despite the private and social costs it imposes. We develop and estimate a structural model of exam retaking using data from Turkey's university placement exam. Limiting retaking results in all agents gaining ex-ante, and most gaining expost. This result comes from a general equilibrium e ect: retakers crowd the market and impose negative spillovers on others by raising acceptance cuto s.

Suggested Citation

Krishna, Kala and Lychagin, Sergey and Frisancho, Veronica, Retaking in High Stakes Exams: Is Less More? (December 2016). IDB Working Paper No. IDB-WP-758, Available at SSRN: https://ssrn.com/abstract=2956706 or http://dx.doi.org/10.2139/ssrn.2956706

Kala Krishna (Contact Author)

Pennsylvania State University - Department of Economics ( email )

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Sergey Lychagin

Central European University (CEU) ( email )

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Veronica Frisancho

Inter-American Development Bank (IDB) ( email )

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Washington, DC 20577
United States

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