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Author: | Leuven, E. Oosterbeek, H. Klaauw, B. van der |
Title: | The effect of financial rewards on students' achievement: evidence from a randomized experiment |
Journal: | Journal of the European Economic Association
2010 : VOL 8:6 p. 1243-1265 |
Index terms: | reward systems universities incentives behavioural science psychology |
Language: | eng |
Abstract: | This article investigates 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 seem to have positive impact on achievement of high-ability students, whereas they have a negative effect on results of low-ability students. After three years these effects have picked up, indicating dynamic spillovers. The negative effects for less-able students are consistent with results from psychology and behavioral economics showing that external rewards might be detrimental for intrinsic motivation. |
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