Failing Students Optimally
AbstractThis paper estimates the deadweight loss associated with not failing an optimal number of students. We find that this loss ranges between $3,200 and $4,600 per student over the student's four-year undergraduate career. One possible ramification of adopting a more stringent student-failure policy (to recoup the deadweight loss) is investigated. We find that an institution can promote greater effort on the part of both students and faculty by encouraging faculty to fail more students.
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Bibliographic InfoPaper provided by Utah State University, Department of Economics in its series Working Papers with number 2004-17.
Date of creation: Nov 2004
Date of revision:
optimal fail rate; student-failure policy; deadweight loss;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- I20 - Health, Education, and Welfare - - Education - - - General
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