•Examines the gender gap in university choice conditional on achievements. •Assembles a unique dataset from a centralized system for university applications. •Defines a last (reservation) choice to which students apply rather than retaking the exam. •Females are less willing to retake and more likely to choose lower ranked programs. •Gender differences in risk preferences in college applications have significant implications also for major choices.
Economics of Education Review – Elsevier
Published: Jun 1, 2016
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