Instead of buying more/better equipment, teachers, or technology why hasn't anyone tried to buy a better student? I'm fairly certain that if you paid elementary students cash for better grades you would see a huge jump in achievement for the average student. A small amount of money to us feels like a huge amount to a kid, and there are plenty of studies showing that rewards increase performance for basic and mechanic…
But for complex skills, e.g. learning, they decrease intrinsic motivation, and thus performance.