This study was prepared by Martin Schlotter while he was working with the Ifo Institute for Economic Research. It was completed in June 2011 and accepted as a doctoral thesis by the Department of Econcomics at the University of Munich in November 2011. It addresses the effects of different early...

This paper makes use of the regional variation in schooling legislation within the German secondary education system to estimate the causal effect of central exit examinations on student performance. We propose a difference-in-differences framework that exploits the quasi-experimental nature of...

This paper makes use of the regional variation in schooling legislation within the German secondary education system to estimate the causal effect of central exit examinations on student performance. We propose a difference-in-differences framework that exploits the quasi-experimental nature of...

Subjective expected utility theory assumes that educational paths result from the interplay of primary effects - students' cognitive skills - and secondary effects - academic decisions regarding their educational future. We argue that thus far, the assignment of marks has not been accounted for...