Monday, October 18, 2010
5000 pounds offered to students who fail A-levels
One school in the UK is so confident of its success rate that it is offering 5k to any student who doesn't pass their A-levels, conditional on them having good attendance and assignment submission records. The BBC reports "It is the latest example of cash or gift incentives being used in schools - either to encourage good behaviour or to discourage bad." At first glance, offering teenagers money to fail seems counterintuitive as an incentive for performance. But as a signal of the school's confidence in its quality, it clearly has some advantages. However, they should be careful. If I were the type of teenager who valued 5k over my education or if I was pretty sure I was going to fail anyway, then this school would look pretty appealing! Also, marginal teenagers might think that 5k is a lot of money and might also be discounting the future at a very high rate.
Labels:
incentives,
policy design
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