Retaking in High Stakes Exams: Is Less More?
NBER Working Paper No. 21640
---- Acknowledgments ----
We thank Pelin Akyol, Peter Kondor and Cemile Yavas for insightful discussions, as well as seminar participants at the Cardiff University, Central European University, University of Exeter, Pompeu Fabra University, University of St. Gallen, Stockholm University and the University of Warwick. Krishna is grateful to the Department of Economics at New York University for support in 2013-14 as a Visiting Professor. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.