Revising higher education policy in Greece: filling the Danaids' Jar

The study examines the possible effects of a recent policy change in Greece on students' graduation rates. Our study mainly concentrates on the potential impact that the reform may have on the various categories of students, as these are classified by the way they enter the university. Records for students studying at a university of economic and social studies are analysed by employing a probit model. Our main empirical finding suggests that students from all the other modes of entry, compared to students entering by means of general examinations, face a considerably higher probability of failure.