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Full-Text Articles in Social Work
Drop-Out From Individual Development Accounts: Prediction And Prevention, Mark Schreiner, Michael Sherraden
Drop-Out From Individual Development Accounts: Prediction And Prevention, Mark Schreiner, Michael Sherraden
Center for Social Development Research
Individual Development Accounts (IDAs) are a new policy instrument designed to help the poor save and accumulate assets. IDAs provide matches for savings used for home purchase, post-secondary education, or microenterprise. IDAs cannot help participants, however, if they drop out. What determines drop-out, and what can be done to help participants to stay in? Three findings emerge from an analysis of IDAs in the American Dream Demonstration. First, drop-out depends more on transaction costs and previous debt than on income. Second, program design --and match rates in particular--affect drop-out risk. Third, drop-out can be predicted with some accuracy, so IDA …
Effects Of Mothers' Assets On Expectations And Children's Educational Achievement In Female-Headed Households, Min Zhan, Michael Sherraden
Effects Of Mothers' Assets On Expectations And Children's Educational Achievement In Female-Headed Households, Min Zhan, Michael Sherraden
Center for Social Development Research
This study examines the effects of mothers’ assets (home ownership and savings) on their expectations and children’s educational achievement in female-headed households. Through the analysis of data from the National Survey of Families and Households (NSFH), results indicate that single mothers’ assets have positive effects on children’s educational achievement, and this effect is partially mediated through expectations. The study also finds that the positive effects of household income on children’s outcomes occur mainly through mothers’ assets. These results lend support for expansion of asset-based policies for poor women with children.
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
Welfare Recipiency And Savings Outcomes In Individual Development Accounts, Min Zhan, Michael Sherraden, Mark Schreiner
Welfare Recipiency And Savings Outcomes In Individual Development Accounts, Min Zhan, Michael Sherraden, Mark Schreiner
Center for Social Development Research
Both theoretical frameworks and empirical evidence show that asset-based, means-tested welfare programs have negative effects on savings behaviors of welfare recipients. In this study, we examine how welfare recipiency is associated with savings outcomes in Individual Development Accounts. The results suggest that when other factors are controlled, receipt of welfare either before or at enrollment of IDAs is not correlated with savings outcomes. Policy implications under current welfare reform are discussed.