students to generally exhibit stronger "sensitivity" to grades. We examine student persistence in a wide spectrum of academic … make students more responsive to grades received in it, rather than the other way around as is commonly suggested. …

-economic groups that are further amplified upon students' adjustment of their educational choices in the course of studies. The best … assign, on average, lower grades and conjectured that female students exhibit stronger aversion to low grades, hence their … attachment to the field. A key implication is that categories of students who attach high importance to pecuniary benefits of …

selective colleges to lower their curricular demands, low-ability students benefit at the expense of medium-ability students … better serve their most able students. This stylized model of curricular product differentiation in higher education offers …

of less able students. As we argue in the paper, this adjustment benefits low-ability college students at the expense of … colleges become a less appealing alternative for the medium ability students. The selective, elite colleges therefore adopt a … more demanding curriculum to better serve their most able students, again at the expense of medium ability students. The …