TY - JOUR
T1 - Financial incentives and educational investment
T2 - The impact of performance-based scholarships on student time use
AU - Barrow, Lisa
AU - Rouse, Cecilia Elena
N1 - Publisher Copyright:
© 2018 Association for Education Finance and Policy.
PY - 2018/8/1
Y1 - 2018/8/1
N2 - We evaluate the effect of performance-based scholarship programs for postsecondary students on student time use and effort. We find evidence that financial incentives induced students to devote more time and effort to educational activities and allocate less time to other activities. Incentives did not generate impacts after eligibility ended and did not decrease students’ interest or enjoyment in learning. Evidence also suggests that students were motivated more by the incentives than simply the effect of additional money. A remaining puzzle is that larger scholarships did not generate larger responses in terms of effort.
AB - We evaluate the effect of performance-based scholarship programs for postsecondary students on student time use and effort. We find evidence that financial incentives induced students to devote more time and effort to educational activities and allocate less time to other activities. Incentives did not generate impacts after eligibility ended and did not decrease students’ interest or enjoyment in learning. Evidence also suggests that students were motivated more by the incentives than simply the effect of additional money. A remaining puzzle is that larger scholarships did not generate larger responses in terms of effort.
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UR - http://www.scopus.com/inward/citedby.url?scp=85054066899&partnerID=8YFLogxK
U2 - 10.1162/edfp_a_00228
DO - 10.1162/edfp_a_00228
M3 - Article
AN - SCOPUS:85054066899
SN - 1557-3060
VL - 13
SP - 419
EP - 448
JO - Education Finance and Policy
JF - Education Finance and Policy
IS - 4
ER -