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

Author(s): Barrow, Lisa; Rouse, Cecilia E

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Abstract: © 2018 Association for Education Finance and Policy. 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.
Publication Date: 2018
Electronic Publication Date: 25-Sep-2018
Citation: Barrow, L, Rouse, CE. (2018). Financial incentives and educational investment: The impact of performance-based scholarships on student time use. Education Finance and Policy, 13 (4), 419 - 448. doi:10.1162/edfp_a_00228
DOI: doi:10.1162/edfp_a_00228
ISSN: 1557-3060
EISSN: 1557-3079
Pages: 1 - 31
Type of Material: Journal Article
Journal/Proceeding Title: Education Finance and Policy
Version: Final published version. Article is made available in OAR by the publisher's permission or policy.



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