Grade Inflation and Education Quality

Raphael Boleslavsky and Christopher Cotton
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Raphael Boleslavsky: Department of Economics, University of Miami

No 2012-2, Working Papers from University of Miami, Department of Economics

Abstract: We consider a game in which schools compete to place graduates in two distinct ways: by investing in the quality of education, and by strategically designing grading policies. In equilib- rium, schools issue grades that do not perfectly reveal graduate abilities. This leads evaluators to have less-accurate information. However, compared to fully-revealing assessments, strategic grading motivates greater investment in educating students. Although strategic grading distorts placement decisions, it can also increase graduate ability. Allowing grade in ation and related grading strategies can increase the probability that the evaluator selects a high-ability graduate.

Keywords: Grade Inflation; Effort, Education Investment (search for similar items in EconPapers)
JEL-codes: D01 I2 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2012-03-15
New Economics Papers: this item is included in nep-cta, nep-edu and nep-lab
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Forthcoming: Under Review

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