Exploiting admission thresholds for participating in Erasmus, the most popular higher education study abroad programme in Europe, we implement a regression discontinuity design and show that student mobility does not delay graduation and, in addition, has a positive and significant impact on the final graduation marks of undergraduate students. We find that Erasmus mobility improves graduation results for undergraduate students enrolled in scientific and technical fields and for those who apply in the first year of their studies, especially when enrolled in more demanding degree courses. Investigating plausible mechanisms, we find that the positive impact on performance at graduation is stronger for students who visit foreign universities of relatively lower quality compared to their home university. Finally, we do not find statistically significant effects of Erasmus mobility on postgraduate educational choices and labour market outcomes one year after graduation.

中文翻译：

---

出国留学项目和学生成果：伊拉斯谟的证据

利用欧洲最受欢迎的高等教育留学项目伊拉斯谟的入学门槛，我们实施了断点回归设计，结果表明学生流动不会延迟毕业，而且对最终毕业成绩有积极而显着的影响的本科生。我们发现，伊拉斯谟流动性提高了科学技术领域本科生和第一年申请者的毕业成绩，特别是在就读要求更高的学位课程时。通过研究合理的机制，我们发现，与本国大学相比，访问质量相对较低的外国大学的学生对毕业表现的积极影响更大。最后，我们没有发现伊拉斯谟流动性对研究生教育选择和毕业一年后劳动力市场结果的显着影响。