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HA Aspalyo| As} 27193} BE Feels] Kept Sasol VERS F CHE BAe BET. Wl 4 AH] SHS APA) BM Z71WS ASH] Bes Sal) a + NOU, Fas) Heese] Cayo} AAS 7) 7hs-8o] Ache BAGS Wer. Et 271 AVMs Aso Zizte] Ade] Wei4joe TYse Ao] oh, HES] Aol) a} Aelalow Ao] Slo} Aspaleyo] Ho} Bl wz] Qh, Aaa] Hao] die +8] Wels 7Ha 7s¥8o] gle. me}A| He Beso] 7ielee] Belz] Be olage Bas Ae Use 7 ah ANBHE BY] ZE TANS Aas] Hel Hse] BUSS ASN. WAS, a A ABVS dal St ABISS AVIS] YIWIFE Ase] SUAS of] Had AAS PUMOU4 TAM SYM Uso] RS 7AseGe We Oe Mwspa ep 14 SUR Pa F348 GE of Sah APSA OS ASS OF Aspelgyo] Uso] vlA=e Ass BA ary P= 0+ Th + Xu te; (6) 7) PS HS OFS UERHE porn, RS 1 ABM, X= 7a! 2) 144 Sede VERE WSS) BElo]Ch. sls EP 2A AAT OwWS olesle] AWS] AS Heac. AA Sta HBAS At S12] ofS] Peel] Ue HA] Weel] a] Ag SES HGAE) SHS MAE Belz] BE olga} WAS 7H 7Fedo] ch Ae LAS Nas) Ha] Ja] AS ARI He SPWFRY 25s ol lsh Ml SF ASS ALS BCL ES et SH (valid instrument)7} 517] AIS Was EP7} 22h} ARS 7S et So, SAS US RE ABATE SHU GANS 7k BT. PH} AzHA2| SYMS Y=AO = ASHE V7} SA SYU Tet ale] Yesell Aaja A013 7212] Be Gt 17 AIS 22h} AWS 7yl4) Ss Aloe Belch. Az FEES] SQ dol ze Sth} she ASS le Ahe EE Woe Yap slat, ad ee AS} Sasieee Ul 71S 43s] 2asv l= a7] HE of SVUS| AAA Ao] SA 7eese We AOE YA. | WAZ ast obsol S798 Al7lol Wee B+ or aeaas Aa AAS wa, HES] ego] Sleeet Alle) etsh7] msl AF AAS] BSS aa] Algo] Be Aso] SAM. He 7 HAMS Aa] Fsalgol ole eset SPIT 7S os BAM. FP AMS SPATS AAS WA) Baal] 7a) Ad JAVRAS Fs} Vc. A= tot my Rt Xm vy; G1) Pi= tat MAit Xt, 2) A GDS 204) Faas +874 2 Wa dale] BVAAS VED, AE AA ABA8F, RE WF AGMA, X= elo] 4 Sas YEE BS] EUR Aol} deleted ole Fa cael) 1s weloleh. 4) 6-2)5 2) Aaah Fae] F A deo] Sa4-e Uehyy Poe WSIS OFS UEnHE won], Ae A aad dale] sao aa al APS} RB Xo Ye ABYE 4,9] oZAl(fied value) AE Bal A BAS LAs} DAS 2] SES HE AWS KW Xol Say] WYSE HERS AR AOS ole] He SHAE Walegeso] dq. 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LM | e422 e422 12g ag | 0026 0014 | os 0.0026 | -0.0562 0.0048 : (0.0152) (0.016) | (0.0133) (0.0139) | (0.0576) (0.0606) £71918} 0.0474" 0.0976"**| 0.135 (0.0224) (0.0196) (0.0866) -0.0596*** -0.064"**| 0312" aaa (0.0222) (0.0194) (0.0848) 2) 6156, 6156, 6156, 6156, 6156 6156 + 1) BS SAE BELA. 2) SHAPE AS UMA 4a) Gee HH), HEE O44H),4))7} ANB, Bolgoe 3A FS SH) ASS. SVIES 1, 29 Sse), 8B, 144] wh Pe} BAC Che, opaa] Sere, ols] Seen], Sal wesw aleheu], Save = oy} ASSIS. TH, E24), OME S718} Hea} FEI BAG. 3) (DA A121 RAE ZHZF 0.1199, 0.1214, 0.1583, 0.1629, F-value% 18.91, 18.35, 26.13, 25.84 2 UERACE 6), © x7 AZ 984.14, 999.32, Pseudo R= 0.0433, 0.042 EBLE. #8 1% FEMA Fl, 5% EMAL OI, *: 10% PEMA Fel. WIA 1, 28 SRA] SAS} Bs} $A] SskAIet AEA} 2elel] o}s] CHE GB o} Bolt SAYSRC} Gt Ate] ofz]7] Hel, o]Zo] oso] AS WaSHS A eH ALS Fes) A4ele] ASA | Ae We] He Aah a7oe Wy] Re 7hs78°] NA. 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ASBE RW AAA, 2007) FEA 2010FE AYN ASL Fe 7|EUS| 7HHe] 1, 28 SY OSS ol et $2] SF BAS aida] S ACE 7)ojste ach Tel} Heese] stale of} DZ] Aspe OR BAA Aapeleo] 4uda] ojsbalsp Bahol] Bz Al} BAS Wiel] HAA VBS HE ROS BSS|T Qo, MSS aSseoyrl= 18>} 12 @ SMEs Fe] BE AMUSBES 7 BAYS] HA) TV Mol Beles 7a 7¥e¥de] Qt HR SS H7] WIE Ah AM¥e] Se sol] Hold yest a7] WZ) ozo] Alea Wsl= Ast Be AS Aloe] Se] Azo] sh= 2 AS SANS 7hedel UA. HAS] ASE 1, 2S] HBeige] We aay we SE BU2S B7] Use] UA YS FASE GS 7197S APHOSH fl & Baal FE WCE ose + lc. AS We] Halshe Se] He 71ea a) Eo] WBS 11, 128 SIA} BS ABZ] We Sart Adela HS 71S) a hese WA + WE ALS YT. ara ANY, “Ast Atal] che 18ha of so] Abs Wes} Shan 2}S vay. OMS AA, 2721 3B. (2007. 04): 119-138. Sar Bh 5a] B71AS ABS 20094 11 23a} A Seat Yel} Healeey oa) ss eH, 31 O18 YS) YAY SVE CEB HEME Y 38). AS: USA 2008. lf8- 2a) ase. Stal WsFols} Age Ws dey gl spa) eel) ole SEB} TAS] Ay. “HOHLAA Ty 274 2% (2007. 04); 211-233. Aes, Weasel] THE ASSpYo] HUIS) BE SI. 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The Effect of School Starting Age on School and Labor Market Performance.” IZA Discussion Paper No. 1659, July 2005, pp.1-42. Hendrik Juirges and Kerstin Schneider. “What Can Go Wrong Will Go Wrong: Birthday Effects and Early Tracking in the German School System.” CESifo Working Paper No. 2055, July 2007, pp.1-26. Malcolm Gladwell. Outliers. Little. New York: Brown and Company, 2008. Michael P. Murray. “Avoiding Invalid Instruments and Coping with Weak Instruments.” The Journal of Economic Perspectives 20 (4) (Fall 2006): 111-132. Sandra E. Black., et all. “Too Young to Leave the Nest? The Effects of School Starting Age.” NBER Working Paper No. W13969, April 2008, pp.1-58. Steven D. Levitt and Stephen J. Dubner. Superfreakonomics. New York: William Morrow, 2009. 32 SPS tie 34 BTR abstract The Effect of Age at School Entry on Long-term Educational Attainment in Korea Tae Hoon Kim This paper explores the effect of relative age at elementary school entry, which is determined by birth date and school entrance law, on college entrance. First, I compare the college entrance rate between students born in January or February and those born in other months. Second, I estimate the effect of age at school entry on college entrance. Relatively older students at school entry are likely to have better educational outcomes during the first college entrance. However, these differences in educational outcomes seem to decrease the more that younger students repeat taking the college entrance exam Key words: relative age at elementary school entry, january or february birth effect, college entrance

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