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Fall 2008

ISSN 0890-913X

Volume 24, Number 1

Categories: Education | Fall 2008

An Incentives-Based Approach to Implementing Financial Fitness for Life in the Milwaukee Public Schools

Nicole M. Butt, University of Wisconsin-Milwaukee

Stephen J. Haessler, The Robert and Marie Hansen Foundation

Mark C. Schug, University of Wisconsin - Milwaukee

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TheJournalofPrivateEnterprise24(1),2008,165-173AnIncentives-BasedApproachtoImplementingFinancialFitnessforLifeintheMilwaukeePublicSchoolsNicoleM.ButtUniversityofWisconsin-MilwaukeeStephenJ.HaesslerTheRobertandMarieHansenFoundationMarkC.SchugUniversityofWisconsin-MilwaukeeAbstractThispaperreportsontheresearchaimedatmeasuringtheeffectoffinancialincentivesprovidedtoteachersinimplementingafinancialandeconomiceducationcurriculuminalargeurbanschooldistrict.Theinitiativeinvolvedpayingteacherstoattendatwo-daytrainingprogramandtoallowtheirstudentstobepre-andpost-testedusinganational,standardizedtest.Thetestingwasconductedtoprovideempiricalevidenceregardingtheimplementationofthecurriculum.Thestatisticalanalysisofthepre-andpost-testscoresrevealedthatstudents’knowledgegainswerestatisticallysignificantandthattheysignificantlyoutperformedstudentswhodidnotparticipateintheprogram.JELCodes:A2,A29,D73Keywords:Economiceducation,Financialeducation,IncentivesI.IntroductionThepropositionthatpeoplerespondtoincentivesinpredictablewaysisnotverycontroversialamongmosteconomists.Inpubliceducation,however,theroleofincentiveshasbeenhotlydebated.ThispaperreportsonresearchaimedatmeasuringtheeffectofincentivesinimplementingafinancialandeconomiceducationcurriculumpublishedbytheNationalCouncilonEconomicEducationcalledFinancialFitnessforLife(FFL)(Flowers&SzotGallaher,2001)intheMilwaukeePublicSchools(MPS).TheMPShadadoptedthiscurriculumforuseinitsseventhgradesocialstudies165

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Metadata [hide]

Title	An Incentives-Based Approach to Implementing Financial Fitness for Life in the Milwaukee Public Schools
Authors/Creators:	Nicole M. Butt, University of Wisconsin-Milwaukee Stephen J. Haessler, The Robert and Marie Hansen Foundation Mark C. Schug, University of Wisconsin - Milwaukee
Year:	2008
Volume:	24
Number:	1
Pages:	165 - 173
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Educational Notes
Keywords:	Economic Education, Financial education, Incentives

Citation:
Butt, Nicole M.; Haessler, Stephen J.; Schug, Mark C. / 2008. "An Incentives-Based Approach to Implementing Financial Fitness for Life in the Milwaukee Public Schools." The Journal of Private Enterprise, 24(1): 165-173.