PFBlog logo

My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.
  Home | Feed: feed-icon.gif | About | Progress: June 07: $756,924 | Best of PFBlog | Product Reviews | PFBlog Digest | Disclaimer | Advertise | Contact Me

Cash Talks

Contributed by mm | November 13, 2003 05:56 AM PST



Forbes's latest issue has an interesting article "Cash Talks". Edward Miguel, Assistant Professor of Economics at UC Berkeley, argues that by providing cold cash to students as an incentive, we can expect "an improved classroom study environment, more student effort on homework and greater teacher motivation; teacher absenteeism fell by more than a fourth in the program schools." This is because "[a]dolescents often have extremely high rates of time discounting; in other words, they respond strongly to immediate punishments and rewards but do not adequately take into account the longer-term ramifications of their actions."

Frankly speaking, I cannot distinguish this incentive and merit-based scholarships. Does this incentive more broad based? Or of less value but is still attractive enough? Anyway, I agree with the author in that this will definitely be an economic way to boost grades. I am just wondering will this create an illusion for students that as long as they get good grades, they will be rewarded financially? It's simply not true in real life.

Topic Sponsors:

The Prudent Speculator -- Ranked #1 by Hulbert for 10, 15 and 20 year performance...Click Here!
Find Value Stocks in all markets - Subscribe to The Prudent Speculator...Click Here!
Get Forbes Magazine - Save $64 + "Free Personal Investing Guide"

null

What do you think of this post? Be the first to share your opinions.
Similar Posts

Top Private Companies (November 16, 2003)
Forbes published its 2003 list of the largest US private companies. The top ten: Read
Economic Outlook is Brighter (November 13, 2003)
WSJ published a survey of 53 economists. Those people are apparently looking forward to a brighter future now. Among their forecasts: Read
Mad TV (November 13, 2003)
A new Forbes story "Mad TV" reports that FCC has passed a regulation that requires "all new TVs must include a tuner that can receive over-the-air digital signals," which will "add $50 apiece ... to the cost of TV sets." The article mentioned FCC's motive ... Read
Bubble Generation (November 02, 2003)
Bubble Generation is all about strategies, business models and technology. Author "umair" is so diligent that he always posts several logs a day. I particularly like his analysis of the music industry. Read

Read all 70 articles in the same category.
Comments
Add Your Comments









Remember personal information?







Mail This Post
Email addresses will never be collected or sold.
Email this entry to:

Your email address:

Message (optional):




Read More ... 70 Posts In The Same Category

07/21/05 | Longhorn = Windows Vista | (6)
06/16/05 | Deep Discounts for Employees | (8)
06/11/05 | Millions and Millions of Millionaires | (3)
03/18/05 | Top Personal Finance Magazines | (4)
03/12/05 | The World's Richest, 2005 | (3)
02/25/05 | Marriage Prospects: Richer, not Poorer
02/21/05 | ChoicePoint Creates 145,000 Potential ID Theft Victims | (1)
12/20/04 | Social Security Tax Limit May Go Up | (1)
12/03/04 | All These Many Ways To Manage Personal Finance
11/29/04 | Savvy Shopping Tips From Online Shoppers
11/15/04 | How Much Are Our Public Servants Making?
11/09/04 | What Social Security Might Look Like
11/03/04 | What the Bush Victory Means for Consumers
10/13/04 | Millionaires for Bush, Billionaires for Kerry
09/28/04 | Check 21 Is Only One Month Away
09/08/04 | New Overtime Rule Passed
08/27/04 | Waiter Tip Tricks
08/24/04 | The 10 Most Overpriced Cities | (1)
08/12/04 | How Does Your Net Worth Stack Up? | (1)
08/05/04 | Most Congested Metro Areas
08/03/04 | Test Shows Frequent-Flier Seats Not Hard to Come By
08/01/04 | Still Writing Checks? Watch Out.
07/28/04 | PayPal Settlement
07/22/04 | The Cheapest Cars to Own (and Fix)
07/16/04 | The Lottery-Ticket Retirement Plan
07/09/04 | Why Your Electricity Bills Are Soaring?
07/07/04 | 10 Money-Saving Tips from the Frugal Gambler
06/24/04 | Read All About It -- For Less!
06/06/04 | 6 Types of Millionaires
05/24/04 | 7 Rules of Becoming Rich | (1)
04/24/04 | EverBank: The Payoff for Financial Advisors
04/15/04 | Crude Humor (Oil at $100 Per Barrel?) | (1)
04/08/04 | Bankrate's Financial Literacy Survey for 2004
04/04/04 | A Rite of Spring
04/02/04 | Power Brands
03/22/04 | The 2004 Fortune 500
02/27/04 | Most Stolen Vehicles: 2002
02/27/04 | The World's Richest People | (1)
02/25/04 | BrandPort: A Shaky Business Model? | (2)
02/25/04 | A Horrible Financial Planning Session
02/23/04 | 2004 America's Most Admired Companies
02/22/04 | The 6.2 Percent Solution
02/21/04 | Biggest All-Cash Acquisitions
02/19/04 | Fighting the Cable Rate Hikes
02/18/04 | Millionaire Material?
02/12/04 | The 101 Dumbest Moments in Business
02/09/04 | Field of Dreams
02/06/04 | Real Estate "Gurus"
02/06/04 | NBA Team Valuation
01/04/04 | GM's Free Car Promotion
12/30/03 | Financial Planning the Monte Carlo Way
12/15/03 | Fed Drops First Rate-Hike Hints
12/02/03 | Online Economics Literacy Test
11/26/03 | Winners and Losers of the New Medicare Bill
11/19/03 | Do Software Companies Have Unlimited Liabilities?
11/17/03 | The $44 Trillion Abyss | (2)
11/16/03 | Top Private Companies
11/13/03 | Economic Outlook is Brighter
11/13/03 | Mad TV
11/02/03 | Bubble Generation
11/01/03 | Corp Law Blog by Mike O'Sullivan
10/30/03 | The New Economics of Music
07/10/03 | Millionaire in the Making




This page was last rebuilt at February 11, 2006 05:09 AM.

PREMIUM SPONSORS

Car Loans
Dallas Bankruptcy Attorney
Personal Loans
Car Finance
Homeowner Loans
Cheap Car Insurance
Mortgages UK & CCJ Mortgage
Used Cars
Loans
Commercial Mortgages and Business Loans
Guaranteed Car Finance
Payday Loan
Personal Loan
Student Loan Consolidation.com
Secured Loans
Bad Credit Loans - Free Quote

  buy ad here ...


SITE REVIEWS

Low Cost Loans
Cheap Loans
Google
Web PFBlog

CREDIT CARD RECOMMENDATIONS

Citi Dividend Platinum
American Express Blue Cash
Citi Driver's Edge
Citi Premier Pass
Discover More Card
Starwood PReferred Guest Credit Card from American Express
Citi mtvU for College Students
One from American Express





WHAT I READ

WSJ
CNN Money
SmartMoney
Kiplinger
Morningstar


AFFILIATED BLOGS

Credit Card Guide
Auto Insurance Tips
Term Life Insurance
Reverse Mortgage Guide
Personal Loan Blog

Mutual Fund Talk
Debt Consolidation Tips
Easy Mortgage
Bankruptcy Blog
Smart Annuity

Universal Life Insurance
College Savings
Retirement savings
Car Loan Tips
Stock Option Trading

Health Insurance Guide
Long-Term Care
Become A Millionaire
ETF Investment
No Identity Theft

Homeowner Finance
Payday Loans
Hedge Fund Report
Personal Tax
Smart Travel

PFBlog Digest
Money Blog
Insurance Blog
Saving Advice

 

 


POWERED BY

Easy Web Hosting $6.95