This study investigates what factors determine students' academic performance in five major economies in East Asia, using the dataset from the 2007 survey of Trends in International Mathematics and Science Study (TIMSS). We explicitly consider initial maturity differences, endogeneity of class...

Many studies have shown that graduating from school during a recession can have lasting negative effects on labor market outcomes, known as the "scarring effect." This paper focuses on overeducation as a factor contributing to the scarring effect and aims to uncover the mechanism behind it....