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Exploring Monetary Incentives in Education and Skills Acquisition
This chapter delves into the debate surrounding paying children for good grades or reading books, examining the impact on intrinsic motivation and personal achievements. It discusses contrasting views on incentivizing behaviors like weight loss and reading, exploring whether monetary rewards enhance societal benefit or diminish personal gratification. The chapter also examines the value of skills acquisition, questioning the implications of government involvement in payments for skills and the role of recognition in the teacher-student relationship.