Social and Behavioral Sciences Commons^™

Asset-Building Policy In Korea: Innovation For Social Development, Michael Sherraden

Center for Social Development Research

This Perspective is adapted from Michael Sherraden’s keynote address given during the “Ceremony Commemorating the 20th Anniversary of Self- Sufficiency & Welfare Policy and 10th Anniversary of Asset- Building Policy” in Korea. The Perspective is presented through a partnership between the Center for Social Development, the Korean Ministry of Health & Welfare, and the Korea Development Institute for Self-Sufficiency & Welfare.

Financial Capability And Asset Building In Social And Economic Development: Advancing The Sustainable Development Goals, David Ansong, Moses Okumu, Jin Huang`, Margaret S. Sherraden, Lissa Johnson, Li Zou

Center for Social Development Research

The concern for economic well-being undergirds most of the United Nations Sustainable Development Goals. This Perspective articulates an agenda for advancing those goals in resource-constrained countries by leveraging financial capability and asset-building (FCAB) strategies. It also specifies a role for financial technology (commonly called “FinTech”) in this work. The authors conclude with a call for better integrating FCAB and FinTech into plans for advancing the SDGs.

Insights From State Treasurers: Developing And Implementing Statewide Child Development Account Policies, Chris Leiker, Margaret M. Clancy, Michael Sherraden

Center for Social Development Research

In 2018 and 2019, Pennsylvania, Nebraska, Illinois, and California enacted laws creating automatic, universal, at-birth CDA policies, and in 2020, the COVID-19 pandemic halted the progress of CDA bills in Missouri. Several states previously adopted CDA policies by administrative rule. This Policy Summary presents insights from four state treasurers based on their direct experience developing statewide CDA policy through legislation.

On July 16, 2020, the treasurers and other professionals gathered virtually for “All Children Can Reach Their Potential: A CDA Conference.” In a panel discussion moderated by Missouri State Treasurer Fitzpatrick, Pennsylvania State Treasurer Joe Torsella, …

Cash Transfers And Health, Sicong Sun, Jin Huang, Darrell Hudson, Michael Sherraden

Center for Social Development Research

Financial resources are known to affect health outcomes. Many types of social policies and programs, including social assistance and social insurance, have been implemented around the world to increase financial resources. As an overall term, we refer to these as cash transfers. In this article, we discuss whether, how, for whom, and to what extent purposeful cash transfers may improve health, both theoretically and empirically. The overall finding is that cash transfers are very positive, but as usual, there are many complexities and variations. Continuing research and policy innovation—for example, universal basic income and universal Child Development Accounts—are likely to …

Child Development Accounts Improve Parenting Practices, Particularly For Financially Vulnerable Families, Jin Huang

Center for Social Development Research

Parenting practices, such as parental involvement and discipline, define parent–child interactions and influence child functioning. Child Development Accounts may have positive impacts on parenting practices by increasing parents’ perceived levels of economic safety, enhancing their optimism regarding the long-term development of their child, and improving parents’ mental health. This research brief synthesizes findings of the CDA effects on parenting practices from three research studies in the SEED for Oklahoma Kids experiment.

Findings show that the SEED OK CDA has significantly reduced mothers’ punitive parenting practices, and also increased positive parenting practices among mothers in financially vulnerable families. The size of …

Accountable Policing: Policies To Advance The Personal Safety Of Black Boys And Young Men, Robert Motley

Center for Social Development Research

The policies and practices that perpetuate the continual, unjust murder of Black males by the nation’s law-enforcement professionals have gone unchanged for far too long. This Brief Report from HomeGrown StL provides local, state, and federal policymakers with concrete, evidence-based policy recommendations for building an equitable, transparent, and accountable public-safety approach that will serve and protect all.

Social Work And The Future Of Policing: Key Points For Changes In Policy And Practice, Michael Sherraden

Center for Social Development Research

High-profile police violence and killings have prompted struggles to reconceptualize public order, safety and justice. As reform proposals emerge, this brief proposes key elements for new approach to public safety: an expanded professional partnership between police and social workers.

Child Development Accounts In The Covid-19 Crisis: Lessons From The Great Recession, Michael Sherraden

Center for Social Development Research

The COVID-19 pandemic has triggered an economic downturn that will likely be worse than the Great Recession, especially for financially vulnerable households. Child Development Accounts (CDAs) were rigorously tested in the 2008-09 recession and produced positive financial and family results. Likewise, CDAs can be expected to have positive impacts on children in financially vulnerable households during and after the COVID-19 pandemic.

To confront this health and economic crisis, this research and policy report examines how CDA research from the previous recession can inform a new kind of social policy to address the current one. The report draws from in-person interviews …

A Framework For Explaining Black–White Inequality In Homeownership Sustainability, Chunhui Ren

Center for Social Development Research

Why do housing outcomes differ by race?

To understand Black–White disparities in homeownership sustainability, this study proposes a conceptual framework that emphasizes Black homeowners’ socioeconomic challenges, challenges that go beyond the mortgage market, and focuses on the mediating role of liquid assets. Data from the Panel Study of Income Dynamics (PSID) enable a test of the framework through an examination of racial differences in the exit rates of homeowners during the recent housing crisis. The findings suggest that liquid assets played a significant role in such disparities.

This is a pre-print of an article published in Demography. The final …

Chıld Development Accounts: A Policy Design And Opportunity For Azerbaijan, Aytakin Huseynli, Michael Sherraden, Daniel Gottlieb

Center for Social Development Research

In Azerbaijan, recent economic growth and sizable oil revenues offer a path for improving the well-being of the nation’s children. This brief makes the case for a national CDA policy in Azerbaijan and suggests viable paths to implementation of such a policy.

Son zamanlar Azərbaycanda baş verən iqtisadi inkişaf və neft gəlirlərinin artamsı, uşaqların rifahının yaxşılaşdırılamsı sahəsində dayanıqlı proqramlar tətbiq etməyə imkan yaradır. Sənəd, Azərbaycanda hər bir uşağa qənaet hesabları olan- Uşaq İnkişaf Hesablarının-açılması üçün yazılan siyasi sənədin qısa xülasəsidir.

The Financial Capability And Financial Well-Being Of Low-Income Entrepreneurs, Jin Huang, Baorong Guo

Center for Social Development Research

Entrepreneurship can offer a path out of poverty, but do low-income entrepreneurs have the knowledge and resources they need to succeed?

Reporting on analyses of data from the Consumer Financial Protection Bureau’s 2016 National Financial Well-Being Survey, this brief suggests that many would-be entrepreneurs turn to alternative financial products in lieu of mainstream options and could benefit from comprehensive financial guidance designed to bolster financial capability.