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Full-Text Articles in Behavioral Economics
Incentives And Improved Economic Conditions: A Field Experiment In Medellin, Colombia, Lauren Skora
Incentives And Improved Economic Conditions: A Field Experiment In Medellin, Colombia, Lauren Skora
Creative Activity and Research Day - CARD
The motivation for this research is to replicate the Oakland based Family Independence Initiative (FII) and to test the components of this model. The FII program claims its success stems from a bottom-up approach structured around setting life improving goals, mutual support groups, and small monetary incentives for achieved results. We enrolled close to 200 small business owners in four experimental treatments (group, no-group, incentives, no-incentives) and a fifth external control group. The experimental data shows that incentives have the strongest overall impact in improving the likelihood of goal achievement and economic performance. Furthermore, the interaction of goal setting, groups, …