College Enrollment Expansion,Educational Return,and Retake of the National College Entrance Examination——Theory and Empirical Research Based on the"Retaking Game"
We analyze the impact of college enrollment expansion on the retake of the National College Entrance Examination(NCEE)by theoretical model and empirical data.In the retake game,we showed that differences in the value of college education sig-nals can incentivize candidates to spend an extra year of study and retake the NCEE for higher education signals.In the process of dynamic evolution,the number of candidates choosing to retake and the difficulty of the NCEE will eventually reach a relatively high equilibrium.The college enrollment expansion will raise the equilibrium to a higher level,and the effect of expansion is more signifi-cant in relatively low-level colleges.With empirical analysis,we showed that the rate of retake is mostly affected by the expansion of college enrollment 4 years ago.Expansion in earlier years also increases the rate,but the effect decreases as the years go further back.In addition,compared to high-level colleges,low-level colleges had enrollment expansion of a larger scale,which increased the gap in the value of education signals between the two types colleges,making it more profitable to get admitted to a better college through retaking of the NCEE.
Retake of the NCEECollege Enrollment ExpansionSignaling Game
NETL
NSTL
万方数据
