, Volume 39, Issue 3, pp 279–292 | Cite as

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

Original Paper


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 analyzed 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.


Policy change Duration of studies Qualitative choice models 

JEL Classification

I21 I23 I28 C25 



We wish to thank two anonymous referees of this journal for their valuable and constructive comments. We thank also Robert Wiedmer and Rebecca Apostolidou for the instructive suggestions on an earlier draft of the paper. We are grateful to the administration of the UoM for providing us permission to access to individual students’ records on a limited basis. Finally, we express our thanks to the following members of the administrative secretariat for their assistance in recording the data analyzed in this article: Josephina Dimitrova, Stelios Haritakis, Eleftheria Kiale, Niki Kougoula, Zoi Manou, Fotis Sarigiannis, Maria Tsapakidou, Vicky Valani and Thomai Zia.


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Copyright information

© Springer Science+Business Media, LLC. 2011

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of MacedoniaThessalonikiGreece
  2. 2.Department of Commerce, Finance and ShippingCyprus University of Technology, Faculty of Economics and ManagementLimassolCyprus

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