Tag: incentives
-
Homeowners and Civil Engagement
According to The Wall Street Journal, the home buyers’ tax credit initiative (U.S.) was “intended to help spur housing sales” by offering financial incentives to first time home-buyers and certain repeat buyers. However the initiative encourages “excess mobility”, suggests Edward Glaeser, a professor of economics at Harvard, and this is something we should not be…
-
Rewards Corrupt Altruistic Tendencies
It has been known for decades that infants up to 14 months old will act on altruistic impulses without reward. Recent research, following on from a similar 1973 study, is starting to show that rewards could be responsible for the inhibition of this natural desire to help others—an innate altruism. 48 German toddlers averaging 20…
-
Can Technology Solve Our Climate Problems?
After reading Cambridge physicist David MacKay’s much lauded Sustainable Energy (free download available), the FT Economist Tim Harford worries that we are “too complacent about technological fixes for the twin problems of climate change and finite oil and gas reserves”. Harford suggests that if we contemplate the idea that technological progress may not solve these…
-
Unlikely Events Influenced by Financial Incentives
With the UK’s Chief Medical Officer, Sir Liam Donaldson, proposing that alcohol should cost a minimum of 50p per unit, many opposers are arguing that the increase would “punish ordinary drinkers without deterring the winos, brawlers and wife-beaters”. However, as Tim Harford notes, it may well work as the unlikeliest of events are influenced by…