Previous empirical specifications are not flexible enough to capture the true pattern of sheepskin effects over time. If the quality of the match between the worker and the job contributes to earnings and if higher ability workers more easily reveal their true productivity, sheepskin effects...

This paper uses Programme for International Student Assessment (PISA) data linked to administrative data to track the educational and labour market outcomes of young people. Students with lower skills have lower rates of participation in further education. While men with low skills out-earn...

This paper studies the impact of exam luck on individuals’ education and labor market success. We leverage unique features of the Norwegian education system that produce random variation in the content of the exams taken by students at the end of high school. Lucky students take exams in...