Michigan’s new tool to boost college enrollment: $50K prizes. Will it work? | Bridge Michigan
Tuition discounts haven’t worked. Nor has mostly free community college. Now, the state is trying sweepstakes to get more teens to fill out financial aid forms. Similar incentives have had mixed success.
How a Tiny Village Transformed China’s Economy by Proving Incentives Matter
"Work hard, don't work hard—everyone gets the same. So people don't want to work," said Yan Junchang, a farmer in the village of Xiaogang who spearheaded a movement in 1978 that revolutionized China's backward economy.
UK Households Will Get Paid to Not Use Electricity
The UK’s grid operator will launch a service next week that will allow homes and businesses to get paid for using less power during times when the grid is strained.
Michigan’s plan to boost FAFSA: Free pizza for college aid applications | Bridge Michigan
With federal aid applications lagging amid a botched federal rollout, Michigan leaders are hoping free pizza might be a motivator for high school students considering college.
Incentive programs have lured thousands of remote workers from major metro areas to small cities
Nearly four years have passed since Tulsa Remote began promising $10,000 to workers who’d relocate to the Oklahoma city for at least one year. Here’s where that program and similar efforts stand today.
$20 gift cards and $1 books: GOP primary candidates test novel ways to raise money as they scramble for a spot on next month's debate stage | CNN Politics
North Dakota Gov. Doug Burgum is offering $20 gift cards to people who donate at least $1 to his presidential campaign. Entrepreneur Vivek Ramaswamy has promised grassroots fundraisers a 10% cut of the money they bring into his campaign. Other candidates are just pleading for $1 donations or offering campaign swag at a steep discount.
Boston Offers Tax Breaks to Turn Empty Offices Into Housing
Boston Mayor Michelle Wu is offering hefty tax breaks to companies to turn offices into housing, the latest example of a city seeking to address the challenges of remote work hitting downtowns and a lack of affordable residences.
This game is designed to teach one of the most important fundamental concepts in economics: The idea that incentives matter and people will change their behavior in a predictable way when their incentives change.
Professional sports drafts are designed to promote parity and competitiveness among teams, with the worst-performing teams getting the top picks in the next season. However, this well-intentioned system has been plagued with misaligned incentives that have led to tanking and other forms of unsportsmanlike behavior. Recent events in the NBA and NFL drafts highlight these problems and their economic implications.