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Full-Text Articles in Social Work
Financial Outcomes In Seed For Oklahoma Kids, Margaret M. Clancy, Sondra G. Beverly, Michael Sherraden
Financial Outcomes In Seed For Oklahoma Kids, Margaret M. Clancy, Sondra G. Beverly, Michael Sherraden
Center for Social Development Research
The SEED for Oklahoma Kids (SEED OK) experiment is a large-scale policy test of universal, automatic, and progressive Child Development Accounts (CDAs). This fact sheet highlights selected SEED OK financial outcomes measured between 2007 and 2014. Because of SEED OK’s automatic account opening and initial deposits, the CDA has especially large impacts on OK 529 savings among disadvantaged children. Advantaged children are more likely than disadvantaged children to have individual savings in OK 529 accounts, and average individual savings are higher for advantaged children. But, the CDA increases the likelihood that disadvantaged children have OK 529 accounts opened by their …
Use Of Alternative Financial Services Among Low- And Moderate-Income Households: Findings From A Large-Scale National Household Financial Survey, Mathieu R. Despard, Dana C. Perantie, Lingzi Luo, Jane Oliphant, Michal Grinstein-Weiss
Use Of Alternative Financial Services Among Low- And Moderate-Income Households: Findings From A Large-Scale National Household Financial Survey, Mathieu R. Despard, Dana C. Perantie, Lingzi Luo, Jane Oliphant, Michal Grinstein-Weiss
Center for Social Development Research
Use of Alternative Financial Services Among Low- and Moderate-Income Households: Findings From a Large-Scale National Household Financial Survey
Program Knowledge And Savings In A Child Development Account Experiment, Yunju Nam, Elizabeth Hole, Michael Sherraden, Margaret Clancy
Program Knowledge And Savings In A Child Development Account Experiment, Yunju Nam, Elizabeth Hole, Michael Sherraden, Margaret Clancy
Center for Social Development Research
This study investigates whether participants’ program knowledge is associated with savings outcomes in Child Development Accounts and whether differences in program knowledge explain racial and ethnic disparities in savings outcomes. Analyses of data collected from treatment participants in the SEED for Oklahoma Kids (SEED OK) experiment (N = 1,39) indicate that knowledge of SEED OK program features is low: on average, participants are aware of 1.24 of three features, and averages are lower among Blacks and Hispanics. Logit and Tobit regressions show that program knowledge is positively related to likelihood of holding a SEED OK participant-owned account and to individual …
Research Summary: Testing Universal College Savings Accounts At Birth: Early Research From Seed For Oklahoma Kids, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden
Research Summary: Testing Universal College Savings Accounts At Birth: Early Research From Seed For Oklahoma Kids, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden
Center for Social Development Research
SEED for Oklahoma Kids is a large-scale policy test of automatic and progressive Child Development Accounts (CDAs), and it is the first truly universal model in the United States. The SEED OK CDA is universal in that it opens an Oklahoma 529 College Savings Plan (OK 529) account on behalf of every infant in the treatment group. This report summarizes key findings and conclusions from SEED for Oklahoma Kids research. Even at this early stage, SEED OK research is informing policy and the design of college savings plans at the state level. Amore recent summary of SEED OK research is …
Refund To Savings: 2013 Results From A National Experiment To Build Financial Stability At Tax Time, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely
Refund To Savings: 2013 Results From A National Experiment To Build Financial Stability At Tax Time, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely
Center for Social Development Research
Refund to Savings: 2013 Results From a National Experiment to Build Financial Stability at Tax Time
Refund To Savings: 2013 Evidence Of Tax-Time Saving In A National Randomized Control Trial, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely
Refund To Savings: 2013 Evidence Of Tax-Time Saving In A National Randomized Control Trial, Michal Grinstein-Weiss, Krista Comer, Blair Russell, Clinton Key, Dana C. Perantie, Dan Ariely
Center for Social Development Research
Refund to Savings: 2013 Evidence of Tax-Time Saving in a National Randomized Control Trial
Child Development Accounts And College Success: Accounts, Assets, Expectations, And Achievements, Sondra G. Beverly, William Elliott, Michael Sherraden
Child Development Accounts And College Success: Accounts, Assets, Expectations, And Achievements, Sondra G. Beverly, William Elliott, Michael Sherraden
Center for Social Development Research
Child Development Accounts (CDAs) can contribute to financial preparation for college and the development of a college-bound identity in multiple ways and so increase the likelihood of college success. The pathways from CDAs to college success proposed in this paper are grounded in theory and evidence, but more research on the impact of CDAs is needed.
Visual Demonstration Of Academic Performance And Parental Involvement In Ghana, David Ansong, Gena A. N. Chowa
Visual Demonstration Of Academic Performance And Parental Involvement In Ghana, David Ansong, Gena A. N. Chowa
Center for Social Development Research
Visual Demonstration of Academic Performance and Parental Involvement in Ghana
How Do Student And School Characteristics Influence Youth Academic Performance In Ghana? A Hierarchical Linear Modeling Of Baseline Data From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa, Yalitza Ramos, David Ansong
How Do Student And School Characteristics Influence Youth Academic Performance In Ghana? A Hierarchical Linear Modeling Of Baseline Data From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa, Yalitza Ramos, David Ansong
Center for Social Development Research
Student and school characteristics are associated with academic performance of high school students. However, few attempts have been made to examine the simultaneous influence of student and school factors on academic performance of youth in sub-Saharan Africa. Using hierarchical linear modeling, we examine student- and school- level predictors of academic performance of Ghanaian junior high school students. As other researchers have found, we note that age and gender are significant predictors of academic performance. Student traits, including academic self-efficacy and commitment to school, are positively associated with math and English scores. Class size and presence of a toilet facility are …
Parental Involvement's Effects On Academic Performance: Evidence From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa, Jenna Tucker
Parental Involvement's Effects On Academic Performance: Evidence From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa, Jenna Tucker
Center for Social Development Research
Research in developed countries suggests that parental involvement is associated with youth academic success, but little is known about this relationship in developing countries. Further, it is unclear which type of parental involvement may impact the academic performance of youth from developing countries. This study examines whether (a) parental involvement at home and in school are meaningfully different constructs in a population of Ghanaian youth and their parents and (b) parental involvement predicts academic performance. Results suggest that parental involvement is a bidimensional construct consists of home and school involvement. The effect of parental involvement on youth academic performance appears …
Account Use And Demand For Tax-Refund Savings Vehicles: Evidence From The Refund To Savings Experiment, Michal Grinstein-Weiss, Jenna Tucker, Clinton Key, Krista Holub, Dan Ariely
Account Use And Demand For Tax-Refund Savings Vehicles: Evidence From The Refund To Savings Experiment, Michal Grinstein-Weiss, Jenna Tucker, Clinton Key, Krista Holub, Dan Ariely
Center for Social Development Research
Account Use and Demand for Tax-Refund Savings Vehicles: Evidence From the Refund to Savings Experiment
Saving Behavior In Response To Motivational Prompts: Evidence From The Refund To Savings Experiment, Clinton Key, Michal Grinstein-Weiss, Jenna Tucker, Krista Holub, Dan Ariely
Saving Behavior In Response To Motivational Prompts: Evidence From The Refund To Savings Experiment, Clinton Key, Michal Grinstein-Weiss, Jenna Tucker, Krista Holub, Dan Ariely
Center for Social Development Research
Saving Behavior in Response to Motivational Prompts: Evidence From the Refund to Savings Experiment
Refund To Savings (R2s): Insight From The Field, 2012, Krista Holub, Michal Grinstein-Weiss, Clinton Key, Dan Ariely
Refund To Savings (R2s): Insight From The Field, 2012, Krista Holub, Michal Grinstein-Weiss, Clinton Key, Dan Ariely
Center for Social Development Research
Refund to Savings (R2S): Insight From the Field, 2012
Relationships Between College Savings And Enrollment, Graduation, And Student Loan Debt, William Elliott Iii, Hyun-A Song, Ilsung Nam
Relationships Between College Savings And Enrollment, Graduation, And Student Loan Debt, William Elliott Iii, Hyun-A Song, Ilsung Nam
Center for Social Development Research
Relationships Between College Savings and Enrollment, Graduation, and Student Loan Debt
Small-Dollar Children's Savings Accounts, Income, And College Outcomes, William Elliott, Hyun-A Song, Ilsung Nam
Small-Dollar Children's Savings Accounts, Income, And College Outcomes, William Elliott, Hyun-A Song, Ilsung Nam
Center for Social Development Research
In this paper, we examine the relationship between children’s small-dollar savings accounts and college enrollment and graduation by asking three important research questions: (a) are children with savings of their own more likely to attend or graduate from college, (b) does dosage (having no account; having basic savings only; or having savings designated for school of less than $1, $1 to $499, or $500 or more) matter, and (c) is designating savings for school more predictive than having basic savings alone? We use propensity score weighted data from the Panel Study of Income Dynamics (PSID) and its supplements to create …
Reducing Student Loan Debt Through Parents’ College Savings, William Elliott, Ilsung Nam
Reducing Student Loan Debt Through Parents’ College Savings, William Elliott, Ilsung Nam
Center for Social Development Research
One policy rationale for promoting Child Development Accounts (CDAs) is that they may help reduce college debt, but no research provides evidence of this. Research does suggest that high-dollar student loans ($10,000 or more) can reduce the probability that lower income students in particular persist in and graduate from college. In this study, we find evidence to suggest that parents’ college savings may reduce the probability that students accrue high-dollar student loan debt across all income levels with the exception of high-income students. Based on this and evidence from separate research on small-dollar children’s savings accounts, we suggest that it …
Youth And Their Health In Ghana, Gina Chowa, Rainier Masa, Isaac Osei-Akoto
Youth And Their Health In Ghana, Gina Chowa, Rainier Masa, Isaac Osei-Akoto
Center for Social Development Research
Youth and Their Health in Ghana
Parental Involvement And Academic Performance In Ghana, Gina Chowa, David Ansong, Issac Osei-Akoto
Parental Involvement And Academic Performance In Ghana, Gina Chowa, David Ansong, Issac Osei-Akoto
Center for Social Development Research
Parental Involvement and Academic Performance in Ghana
Youth And Saving In Ghana: A Baseline Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Mat Despard, Isaac Osei-Akoto, Atta-Ankomah Richmond, Andrew Agyei-Holmes, Michael Sherraden
Youth And Saving In Ghana: A Baseline Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Mat Despard, Isaac Osei-Akoto, Atta-Ankomah Richmond, Andrew Agyei-Holmes, Michael Sherraden
Center for Social Development Research
Youth and Saving in Ghana: A Baseline Report From the YouthSave Ghana Experiment
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.
Socioeconomic Status And Early Savings Outcomes: Evidence From A Statewide Child Development Account Experiment, Sondra G. Beverly, Youngmi Kim, Michael Sherraden, Yunju Nam, Margaret Clancy
Socioeconomic Status And Early Savings Outcomes: Evidence From A Statewide Child Development Account Experiment, Sondra G. Beverly, Youngmi Kim, Michael Sherraden, Yunju Nam, Margaret Clancy
Center for Social Development Research
Socioeconomic Status and Early Savings Outcomes: Evidence From a Statewide Child Development Account Experiment
Ten-Year Impacts Of Individual Development Accounts On Homeownership: Evidence From A Randomized Experiment, Michal Grinstein-Weiss, Michael Sherraden, William Gale, William M. Rohe, Mark Schreiner, Clinton Key
Ten-Year Impacts Of Individual Development Accounts On Homeownership: Evidence From A Randomized Experiment, Michal Grinstein-Weiss, Michael Sherraden, William Gale, William M. Rohe, Mark Schreiner, Clinton Key
Center for Social Development Research
This paper presents evidence from a randomized field experiment to evaluate the long-term impact of an incentive for household saving. We examine the effect on homeownership of an Individual Development Account (IDA) program which ran from 1998 to 2003 in Tulsa, Oklahoma. The IDA program provided low-income households with financial education and matching funds for qualified savings withdrawals, including a 2:1 match for housing down payments. About 90% of treatment group members opened IDA accounts, and contributions averaged about $1,800. Homeownership rates for both treatment and control groups increased substantially throughout the experiment. Prior work shows that from 1998 to …
Seed Account Monitoring Research, Lisa Reyes Mason, Yunju Nam, Margaret Clancy, Vernon Loke, Youngmi Kim
Seed Account Monitoring Research, Lisa Reyes Mason, Yunju Nam, Margaret Clancy, Vernon Loke, Youngmi Kim
Center for Social Development Research
SEED Account Monitoring Research
Seed Account Monitoring Research: Participants, Savings, And Accumulation, Lisa Reyes Mason, Yunju Reyes Mason, Margaret Clancy, Vernon Loke, Youngmi Kim
Seed Account Monitoring Research: Participants, Savings, And Accumulation, Lisa Reyes Mason, Yunju Reyes Mason, Margaret Clancy, Vernon Loke, Youngmi Kim
Center for Social Development Research
SEED Account Monitoring Research: Participants, Savings, and Accumulation
Seed Participant Characteristics And Financial Accumulation, Lisa Reyes Mason, Vernon Loke, Margaret Clancy, Yunju Nam, Youngmi Kim, Soda Lo
Seed Participant Characteristics And Financial Accumulation, Lisa Reyes Mason, Vernon Loke, Margaret Clancy, Yunju Nam, Youngmi Kim, Soda Lo
Center for Social Development Research
SEED Participant Characteristics and Financial Accumulation
Examples Of Successful Wealth Building In Rural Areas, Jean Schumacher, Ann Ulmer
Examples Of Successful Wealth Building In Rural Areas, Jean Schumacher, Ann Ulmer
Center for Social Development Research
The purpose of this paper is to describe successful examples of wealth building in rural areas through the mechanism of individual development accounts (IDAs). a review of available literature, supplemented by a limited survey of selected programs, provides an overview of the issues associated with operating IDA programs in rural America, a set of ‘action factors’ that help define success, and some initial observations on rural IDA programs. an appendix gives details on each of the selected programs. This paper is one of a series on wealth building in rural America.
Institutions And Savings In Low-Income Households, Jami Curley, Fred Ssewamala, Michael Sherraden
Institutions And Savings In Low-Income Households, Jami Curley, Fred Ssewamala, Michael Sherraden
Center for Social Development Research
Institutions and Savings in Low-Income Households
Saving For Post-Secondary Education In Individual Development Accounts, Min Zhan, Mark Schreiner
Saving For Post-Secondary Education In Individual Development Accounts, Min Zhan, Mark Schreiner
Center for Social Development Research
Low-income people have less access to opportunities for post-secondary education, and the welfare reform in 1996 further limited access for welfare recipients. Since welfare reform, there has been an increasing interest in strategiesmeant to enhance the well-being of low-incomepeople through education and the development of human capital. In this study, we examine how low-income people saved for post-secondary education in Individual Development Accounts (IDAs) in a nationwide demonstration. IDAs are structured accounts that provide matches for savings used for home purchase, microenterprise, retirement savings, and post-secondary education. We examine how savings outcomes differed between participants who intended to use their …
Income, Institutions, And Saving Performance In Individual Development Accounts, Michael Sherraden, Mark Schreiner, Sondra Beverly
Income, Institutions, And Saving Performance In Individual Development Accounts, Michael Sherraden, Mark Schreiner, Sondra Beverly
Center for Social Development Research
This paper examines the relationship between income and saving performance in Individual Development Accounts (IDAs). We first discuss theories of saving. Next, for IDA participants in the American Dream Demonstration, we look at income sources and distribution, followed by tabulations of income and savings outcomes. Following this, we discuss results from regression analyses on savings outcomes. We find that savings amount did not increase with income and that the savings rate decreased with income. Although the data do not reveal exactly what caused this, we believe that institutional factors in IDA programs played an important role.
Saving Performance In The American Dream Demonstration: A National Demonstration Of Individual Development Accounts, Mark Schreiner, Margaret Clancy, Michael Sherraden
Saving Performance In The American Dream Demonstration: A National Demonstration Of Individual Development Accounts, Mark Schreiner, Margaret Clancy, Michael Sherraden
Center for Social Development Research
Saving Performance in the American Dream Demonstration: A National Demonstration of Individual Development Accounts