In countries with a school-entry cutoff date, individuals born right after the cutoff are almost 1 year older than individuals in the same school cohort born right before that date. Abundant research has documented that, as a result of that extra year of maturation and skill accumulation, older students in a cohort outperform their younger peers.…

Previous studies have shown that educational expectations of individuals with high socioeconomic status (SES) are relatively unaffected by low academic performance, a phenomenon called "sticky expectations." However, this result might be biased by endogeneity and reverse causality between academic achievement and educational…