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Articles 1 - 14 of 14
Full-Text Articles in Social Work
Self-Employment In Later Life: Implications For Financial, Physical, And Mental Well-Being, Cal Halvorsen
Self-Employment In Later Life: Implications For Financial, Physical, And Mental Well-Being, Cal Halvorsen
Arts & Sciences Electronic Theses and Dissertations
More than one in five working Americans aged 50 and older are self-employed, yet scholarship that examines the relationships between self-employment and personal health and financial well-being is limited. Using data from six biennial waves of the Health and Retirement Study, a nationally-representative panel study of Americans past 50 years of age, this quasi-experimental dissertation documents the characteristics of self-employed older adults in comparison to wage-and-salary workers, as well as compares self-employed and wage-and-salary workers in later life on a set of financial well-being and personal health outcomes. This study incorporates inverse probability of treatment weighting (also referred to as …
Employee Financial Wellness Programs: A Review Of The Literature And Directions For Future Research, Geraldine Hannon, Meredith Covington, Mat Despard, Ellen Frank-Miller, Michal Grinstein-Weiss
Employee Financial Wellness Programs: A Review Of The Literature And Directions For Future Research, Geraldine Hannon, Meredith Covington, Mat Despard, Ellen Frank-Miller, Michal Grinstein-Weiss
Center for Social Development Research
This is a literature review of studies that have examined the implementation of financial wellness programs in the workplace. The review suggests that employee financial wellness programs (EFWPs) have drawn on both existing and new methods to improve the financial security of employees. Although a number of studies have been conducted on employer-based financial education and retirement planning, evidence concerning the efficacy of EFWPs is limited. Moreover, the methodological shortcomings of studies in the workplace financial wellness field have limited evidence concerning returns on investment and impeded efforts to make best-practice recommendations. Thus, researchers should consider strengthening the evidence base …
Assessing Retirement Needs And Interest In Myra: Findings From The Refund To Savings Initiative, Stephen P. Roll, Jane E. Oliphant, Dana C. Perantie, Michal Grinstein-Weiss, Genevieve Davison
Assessing Retirement Needs And Interest In Myra: Findings From The Refund To Savings Initiative, Stephen P. Roll, Jane E. Oliphant, Dana C. Perantie, Michal Grinstein-Weiss, Genevieve Davison
Center for Social Development Research
As part of the U.S. Department of the Treasury’s ongoing effort to promote the myRA starter retirement account, we used the Refund to Savings Initiative’s Household Financial Survey to assess low- to moderate-income tax filers’ retirement needs, attitudes towards retirement, and interest in a myRA-type account. We also tested different messaging approaches for promoting myRA. The report found that 32% of survey respondents did not own a retirement account and that lack of money and lack of access to an employer-based account were major impediments to retirement account ownership. The report also found that only 10% to 15% of respondents …
New Measures Of Economic Security And Development: Savings Goals For Short-Term And Long-Term Economic Needs, Yunju Nam, Yungsoo Lee, Shawn Mcmahon, Michael Sherraden
New Measures Of Economic Security And Development: Savings Goals For Short-Term And Long-Term Economic Needs, Yunju Nam, Yungsoo Lee, Shawn Mcmahon, Michael Sherraden
Center for Social Development Research
The long-term economic security and development of a family depend largely upon saving and asset-accumulation, yet most measures of economic well-being focus on short-term consumption needs. This study takes a broader view, developing precautionary, retirement, homeownership and education savings goals. Together these savings goals constitute a new set of asset-based measures of family financial well-being. Estimated savings needs depend upon family type and other assumptions, and we consider investment gains and differences in dollar values over time in our calculations. This study shows that families should save $155 to $572 every month to address all four savings needs. The number …
Student Debt And Declining Retirement Savings, William Elliott, Michal Grinstein-Weiss, Ilsung Nam
Student Debt And Declining Retirement Savings, William Elliott, Michal Grinstein-Weiss, Ilsung Nam
Center for Social Development Research
In this study, the authors use the Survey of Consumer Finances (SCF) to determine whether student loan debt is associated with retirement savings. They find that the median 2009 retirement savings amount for households with no outstanding student loan debt ($55,000) is nearly twice as high as it is for households with outstanding student loan debt ($25,000). Further, multivariate statistics indicate that a household with a four-year college graduate, outstanding student loan debt, and median retirement savings ($80,983) in 2007 incurred a loss of 52% of those retirement savings in 2009 contrasted with household with a similar household with no …
Effects Of An Individual Development Account Program On Retirement Saving: Follow-Up Evidence From A Randomized Experiment, Michal Grinstein-Weiss, Michael Sherraden, William Gale, William M. Rohe, Mark Schreiner, Clinton Key
Effects Of An Individual Development Account Program On Retirement Saving: Follow-Up Evidence From A Randomized Experiment, Michal Grinstein-Weiss, Michael Sherraden, William Gale, William M. Rohe, Mark Schreiner, Clinton Key
Center for Social Development Research
Using data from a randomized experiment that ran from 1998 to 2003 in Tulsa, Oklahoma, we examine the 10-year follow-up effects on retirement saving of an Individual Development Account (IDA) program. The IDA program included financial education, encouragement to save, and matching funds for several qualified uses of the savings, including contributions to retirement accounts. The results indicate that, as of 2009, 6 years after the program ended, the IDA program had no impact on the propensity to hold a retirement account, the account balance, or the sufficiency of retirement balances to meet retirement expenses.
Long-Term Follow-Up Of Individual Development Accounts: Evidence From The Add Experiment, Michal Grinstein-Weiss, Michael Sherraden, William M. Rohe, William Gale, Mark Schreiner, Clinton Key
Long-Term Follow-Up Of Individual Development Accounts: Evidence From The Add Experiment, Michal Grinstein-Weiss, Michael Sherraden, William M. Rohe, William Gale, Mark Schreiner, Clinton Key
Center for Social Development Research
Long-Term Follow-Up of Individual Development Accounts: Evidence From the ADD Experiment
中国农村资产社会政策: 社会养老保险制度的变革 [Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program], Baorong Guo, Jin Huang, Li Zou, Michael Sherraden
中国农村资产社会政策: 社会养老保险制度的变革 [Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program], Baorong Guo, Jin Huang, Li Zou, Michael Sherraden
Center for Social Development Research
In response to the growing rural-urban inequality, China is undertaking a series of policy initiatives to promote rural development. In addition to redistributive policies aiming at social protection, asset-based policy, which integrates social protection and social investment, is another viable option for progressive rural development. In 1998, the Hutubi local government in the Xinjiang Uygur Autonomous Region of China implemented an innovative retirement program which allows account holders to use accounts as legal collateral to borrow small loans and invest in productive assets such as farming supplies and equipment, education, and small businesses. Using the data gathered by the program …
中国呼图壁养老保险质押贷款项目双重激: 励和双重资产积累 [Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China], Baorong Guo, Jin Huang, Michael Sherraden, Li Zou
中国呼图壁养老保险质押贷款项目双重激: 励和双重资产积累 [Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China], Baorong Guo, Jin Huang, Michael Sherraden, Li Zou
Center for Social Development Research
The Hutubi Rural Social Security Loan program is a policy innovation in a rural area of China by loaning savings in social security accounts back to peasants for them to purchase assets for agricultural and other development. In contrast to the nationwide recession in rural social security, this program has shown its success in proliferating rural social security funds and retaining social security participants. With a focus on the administrative data of the loan program, this study aims to provide an in-depth understanding of the loan program and examine how asset building is possible for the poor when institutional incentives …
Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China, Baorong Guo, Jin Huang, Michael Sherraden, Li Zou
Dual Incentives And Dual Asset Building: The Hutubi Rural Social Security Loan Program In China, Baorong Guo, Jin Huang, Michael Sherraden, Li Zou
Center for Social Development Research
The Hutubi Rural Social Security Loan program is a policy innovation in a rural area of China by loaning savings in social security accounts back to peasants for them to purchase assets for agricultural and other development. In contrast to the nationwide recession in rural social security, this program has shown its success in proliferating rural social security funds and retaining social security participants. With a focus on the administrative data of the loan program, this study aims to provide an in-depth understanding of the loan program and examine how asset building is possible for the poor when institutional incentives …
Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program, Baorong Guo, Jin Huang, Li Zou, Michael Sherraden
Asset-Based Policy In Rural China: An Innovation In The Retirement Social Insurance Program, Baorong Guo, Jin Huang, Li Zou, Michael Sherraden
Center for Social Development Research
In response to the growing rural-urban inequality, China is undertaking a series of policy initiatives to promote rural development. In addition to redistributive policies aiming at social protection, asset-based policy, which integrates social protection and social investment, is another viable option for progressive rural development. In 1998, the Hutubi local government in the Xinjiang Uygur Autonomous Region of China implemented an innovative retirement program which allows account holders to use accounts as legal collateral to borrow small loans and invest in productive assets such as farming supplies and equipment, education, and small businesses. Using the data gathered by the program …
Savings Outcomes Of Older Adults Participating Idas: Findings From The American Dream Demonstration, Michelle Putnam, Nancy Morrow-Howell, Lin Zhang, Michael Sherraden
Savings Outcomes Of Older Adults Participating Idas: Findings From The American Dream Demonstration, Michelle Putnam, Nancy Morrow-Howell, Lin Zhang, Michael Sherraden
Center for Social Development Research
This research report is the second of a three-part series aimed at developing a greater understanding of older adults and their use of Individual Development Accounts (IDAs). The intent of this second report is to answer the following question: What individual and IDA program characteristics are associated with saving outcomes among older adults participating in IDA? These questions are answered using data from the American Dream Demonstration programs (ADD), the first nation-wide evaluation of IDAs as tools for asset building and community development. In this report, comparisons are made between older (50 years or older) and younger (49 years or …
Profile Of Older Adults Participating Idas: Findings From The American Dream Demonstration, Michelle Putnam, Nancy Morrow-Howell, Lin Zhang, Michael Sherraden
Profile Of Older Adults Participating Idas: Findings From The American Dream Demonstration, Michelle Putnam, Nancy Morrow-Howell, Lin Zhang, Michael Sherraden
Center for Social Development Research
This research report is the first of a three-part series aimed at developing a greater understanding of older adults and their use of Individual Development Accounts (IDAs). The intent of this first report is to answer the following three questions: 1) Who are the older adults participating in IDAs? 2) What are they saving for? and 3) What do we know about IDAs and saving for retirement? These questions are answered using data from the American Dream Demonstration (ADD), the first nation-wide evaluation of IDAs as tools for asset building and community development. In this report, comparisons are made between …
Toward Progressive Pensions: A Summary Of The U.S. Pension System And Proposals For Reform, Peter Orszag, Robert Greenstein
Toward Progressive Pensions: A Summary Of The U.S. Pension System And Proposals For Reform, Peter Orszag, Robert Greenstein
Center for Social Development Research
Toward Progressive Pensions: A Summary of the U.S. Pension System and Proposals for Reform