NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Better Luck Next Time: Learning Through Retaking

Verónica Frisancho, Kala Krishna, Sergey Lychagin, Cemile Yavas

NBER Working Paper No. 19663
Issued in November 2013

---- Acknowledgements -----

We are grateful to the Center for University Selection and Placement (O SYM) for providing the data. We would also like to thank Dilara Bakan Kalaycıoglu for answering all our questions about the data and Quang Vuong and Susumu Imai for extremely useful conversations. We are also indebted to participants of the Pacific Conference for Development Economics 2011, the 10th Journees Louis-André Gérard-Varet Conference in Public Economics, the LACEA 2012 Annual Meeting, the 2012 Seminar Series at the Copenhagen Business School, the 8th Annual Conference on Economic Growth and Development at ISI Delhi, and the 2012 Asian Meeting of the Econometric Society for suggestions and comments. Kala Krishna would like to thank the Human Capital Foundation (www.hcfoundation.ru), and especially Andrey P. Vavilov, for support of the Department of Economics at Penn State University. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Kala Krishna -----

I am grateful to the Human Capital Foundation(www.hcfoundation.ru), and especially Andrey P. Vavilov, for support of the Department of Economics, the Center for the Study of Auctions, Procurements, and Competition Policy (CAPCP, http://capcp.psu.edu/), and the Center for Research in International Financial and Energy Security (CRIFES, http://crifes.psu.edu/ ) at Penn State University, and to the World Bank for support on a related paper and the project as a whole.

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