Financial incentives and educational investment: The impact of performance-based scholarships on student time use

Lisa Barrow, Cecilia Elena Rouse

Research output: Contribution to journalArticle

2 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)419-448
Number of pages30
JournalEducation Finance and Policy
Volume13
Issue number4
DOIs
StatePublished - Aug 1 2018

All Science Journal Classification (ASJC) codes

  • Education

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