Wisconsin's influential Learnfare initiative is a conditional cash "penalty" program that sanctions a family's welfare grant when covered teens fail to meet school attendance targets. In the presence of reference-dependent preferences, Learnfare provides uniquely powerful financial incentives for student performance. However, a 10-county…

The relatively poor academic achievement of black and Hispanic students has been a national concern since the passage of the "Elementary Secondary and Education Act" in 1963. Frustrated with relatively slow progress in closing these educational gaps, the most recent reauthorization of the ESEA, the "No Children Left Behind Act of…

Financial incentives for teen parents are components of state welfare programs intended to encourage enrollment, attendance, and completion of high school as a means of increasing employment and earnings and reducing welfare dependence. The incentives take the form of bonuses and sanctions to the welfare grant related to school enrollment,…

State leaders are using complex accountability systems, composed of standards, assessments, public reporting, rewards, and sanctions, to raise student, school, and district achievement. The public strongly supports making academic standards more challenging, despite a lack of consensus on content and outcomes. Some states may revise standards…