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Monetary incentives – The daily blog of behavioral and cognitive economics

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Monetary incentives – The daily blog of behavioral and cognitive economics

How Singapore Encourages Reading

In South Korea, the goal was more babies. Now, in Singapore, it’s reading For the Singapore program, to earn 20 virtual coins, you just have to record on a government website that you read for a 15-minute session. Then, one thousand coins will get you one Singapore dollar (USD/80 cents). Because the max is one session a day, you need 100 days to earn $100 Singapore dollars. Called “earn-as-you-read,” will it work? Pay Incentives. Recent birth rate statistics indicate South Korea’s incentives were unsuccessful. As for Singapore, they are still collecting data from a pilot phase. ….[READ]

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