Economic Incentive

A Economic Incentive is an incentive that rewards with an economic asset.

• • …
• Example(s):
  • a Cash Prize, such as a Year-End Bonus.
  • a Tax Rebate.
  • …
• Counter-Example(s):
  • a Social Incentive, such as a Public Award.
• See: Reciprocal Altruism.

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References

2004

• http://en.wikipedia.org/wiki/Incentive#Social_pressure
  • It's also worth noting that these categories are not necessarily exclusive ; one and the same situation may, in its different aspects, carry incentives that come under any or all of these categories. In modern American society, for example, economic prosperity and social esteem are often closely intertwined; and when the people in a culture tend to admire those who are economically successful, or to view those who are not with a certain amount of contempt (see also: classism, Protestant work ethic), the prospect of (for example) getting or losing a job carries not only the obvious remunerative incentives (in terms of the effect on the pocketbook) but also substantial moral incentives (such as honor and respect from others for those who hold down steady work, and disapproval or even humiliation for those who don't or can't).Mbuzii, (2014)

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