In a number of professionally conducted research studies, incentivization has been proven to work in adults when researchers are trying to get men and women to achieve a specified objective.
In everyday life, rewards are designated to provide motivation for people to become stronger at their professions, grow more valuable with their talents, and emerge as better prepared for their futures. Financial rewards are probably the biggest forms of incentivization due to how essential money is to the modernized human’s way of living.
Corporations use monetary rewards regularly to appease employees who work in positions from the top down. However, when it comes to motivating school-aged children and young adults to academically excel, financial incentivization has also been proven to work under special circumstances.
Education Week Magazine recently published a report titled Does Paying Kids to Do Well in School Actually Work? This informative piece of literature was written by Arianna Prothero. Prothero is an Education Week Magazine staff writer and the primary author of an academically-themed blog called Charters and Choice.
In her telling piece, Prothero shares commentary she extracted from interviews with notable education professionals, including Lucrecia Santibañez, an associate professor at Claremont Graduate University’s School of Educational Studies. Santibañez said that the research results on money-based academic rewards for students are inconclusive.
“This is something that every incentive paper starts with: the research is mixed. That’s true both in the U.S. and internationally,” she told Education Week.
Prothero’s report also showed that financial incentivization for academic success works extraordinarily well in some cases despite its controversial existence.
“If the incentive is tied to the performance on the test, the effects are small if there at all. But if you tie it to the preparation for the test, the studying, like incentivizing reading a book or doing practice tests … that tends to have much bigger effects,” said Jeffrey Livingston, an associate professor of economics at Bentley University.
Research studies on this matter continue to be conducted. It’s also worth noting that one of the best ways to prepare children and young adults for their future responsibilities is to simulate the world they will be living in when they must finally assume real-life responsibilities in their coming years.