Should kids receive an allowance?

An article in Newsday on kids and allowances quotes Lewis Mandell, professor of finance and managerial economics, who said, "Being on a regular allowance, no chores needed, to my mind is like being on welfare. I don't mean that in a pejorative sense, but if you recieve money as an entitlement, I think, people tend not to care as much about it and probably don't pay as much attention as [they do] when they have to work for it or beg for it." Go to article.