Rational Students and Resit Exams

Peter Kooreman ()
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Peter Kooreman: Tilburg University

No 6832, IZA Discussion Papers from Institute of Labor Economics (IZA)

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: education production function; frequency of examinations; rationality (search for similar items in EconPapers)
JEL-codes: D01 I21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2012-09
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Published - published in: Economics Letters, 2013, 118 (1), 213-215

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