"Voices are being raised over the need to improve Korea's educational environment for the health and safety of our students. And despite the fact that the educational environment plays a vital role in both learning and teaching, investment in school facilities has been given low priority. In...

"We exploit an exogenous increase in General Educational Development (GED) testing requirements to determine whether raising the difficulty of the test causes students to finish high school rather than drop out and GED certify. We find that a six point decrease in GED pass rates induces a 1.3...