The Importance of Incentives in Education

In Scandinavia, the incentives are not so strong that people will actually choose to go to school just because of the money. You'll actually make more money if you get a regular job than by being a student. So I think the level of incentives, I said just right, but you need to live. If you want the kids to study instead of running around and working at a McDonald's or something like that. That's not a good use of your time unless you're in this really, really high-level institution.