Notes: OLS regression results for equation (1). Total test score is the standardized total test score at the exam (see Online Appendix B for details). Math test score is the standardized test score for the math module of the exam. Arabic test score is the standardized test score for the Arabic module of the exam. For details on how Access University is a dummy variable that takes value 1 is the student total score at the exam is higher than the minimum test score necessary for admission to university (650) and 0 otherwise. Access University Abroad is a dummy variable that takes value 1 if the student total score at the exam is higher than the minimum test score necessary for admission to universities in other Middle Eastern countries (850) and 0 otherwise. Number of fatalities is the locality-level number of conflict-related Palestinian fatalities caused by the IDF during the academic year divided by 1000. Individual characteristics include: Male (a dummy that takes value 1 if the student is male and 0 otherwise); Christian (a dummy that takes value 1 if the student is Christian and 0 otherwise); Adabi (a dummy that takes value 1 if the student is enrolled in the Adabi stream and 0 if enrolled in the Elmi stream). District-level economic controls are the same as in Table 2. In each regression, a constant is included but not shown. Robust standard errors in parenthesis are clustered at the locality level. **Significant at 5%; ***significant at 1%.