THE EFFECT OF FINANCIAL REWARDS ON STUDENTS' ACHIEVEMENT: EVIDENCE FROM A RANDOMIZED EXPERIMENT

被引:86
作者
Leuven, Edwin
Oosterbeek, Hessel [1 ]
van der Klaauw, Bas [2 ]
机构
[1] Univ Amsterdam, NL-1012 WX Amsterdam, Netherlands
[2] Vrije Univ Amsterdam, Amsterdam, Netherlands
关键词
D O I
10.1111/j.1542-4774.2010.tb00554.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper reports on a randomized field experiment in which first-year university students could earn financial rewards for passing all first-year requirements within one year. Financial incentives turn out to have positive effects on achievement of high-ability students, whereas they have a negative impact on achievement of low-ability students. After three years these effects have increased, suggesting dynamic spillovers. The negative effects for less-able students are consistent with results from psychology and behavioral economics showing that external rewards may be detrimental for intrinsic motivation. (JEL: I21, I22, J24)
引用
收藏
页码:1243 / 1265
页数:23
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