The World Business

Rewarding good behavior and exceptional grades has been a traditional practice of most parents and even some educational institutions. Psychologists heavily oppose this practice, believing it to undermine the importance of the learning process, decreasing the amount of joy from learning and a practice that leads to cheating Yet children continue to receive stuffed animals for learning the alphabet and serious cash prizes for advanced academic performances. Economists argue that reward programs allow children to strive for better academic performance and simultaneously financially support themselves or their families The pro’s and con’s of this debate have lead to immense research and data collections in order to identify the true motives and consequences of cash academic rewards. It goes without saying that the reward programs are prevailing, especially in high-poverty areas. Such programs are often supported by charity organizations and other non-profit groups.

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