How did the introduction of the Bachelor-degree system affect students in Ger-
many? Combining rich data on university students with administrative data
on universities' study programs, we exploit variation in the timing of Bachelor-
degree implementation across departments. To account for endogeneity in stu-
dents' enrollment decisions, we apply an instrumental-variable approach based
on the distance differential between an individual's nearest universities with a
Bachelor's and a traditional degree program. Overall, we do not find reform ef-
fects on students' mobility, drop out, and internship participation, although there
is indication that the reform reduced drop out for females and for high-achieving
students and increased study satisfaction
