Friday, 18 August 2017

Introducing a monetary fine effectively wiped out any feelings of guilt

Ten children's say-nurseries all introduced a small fine for parents who were more than ten minutes late collecting their children at the end of the day. The parental response? Rather than arriving more promptly, twice as many parents started arriving late. Introducing a monetary fine effectively wiped out any feelings of guilt, and was interpreted as a market price for overtime care.

K. Raworth, Doughnut Economics (2017), 120

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