Rational Students and Resit Exams

11 Pages Posted: 6 Oct 2012  

Peter Kooreman

Tilburg University - Center and Faculty of Economics and Business Administration; IZA Institute of Labor Economics

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.

Keywords: frequency of examinations, education production function, rationality

JEL Classification: D01, I21

Suggested Citation

Kooreman, Peter, Rational Students and Resit Exams. IZA Discussion Paper No. 6832. Available at SSRN: https://ssrn.com/abstract=2157974

Peter Kooreman (Contact Author)

Tilburg University - Center and Faculty of Economics and Business Administration ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

HOME PAGE: http://www.peterkooreman.nl

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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