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Full-Text Articles in Social Work
Policy Recommendations For Meeting The Grand Challenge To Reduce Extreme Economic Inequality, William Elliott Iii, Julia R. Henly, Susan J. Lambert, Laura Lein, Jennifer L. Romich, Trina R. Shanks, Michael Sherraden
Policy Recommendations For Meeting The Grand Challenge To Reduce Extreme Economic Inequality, William Elliott Iii, Julia R. Henly, Susan J. Lambert, Laura Lein, Jennifer L. Romich, Trina R. Shanks, Michael Sherraden
Center for Social Development Research
This brief was created forSocial Innovation for America’s Renewal, a policy conference organized by the Center for Social Development in collaboration with the American Academy of Social Work & Social Welfare, which is leading theGrand Challenges for Social Work initiative to champion social progress. The conference site includes links to speeches, presentations, and a full list of the policy briefs.
A Savings Account For Every Child Born In Israel: Recommendations For Program Implementation, Michal Grinstein-Weiss, Meredith Covington, Margaret M. Clancy, Michael Sherraden
A Savings Account For Every Child Born In Israel: Recommendations For Program Implementation, Michal Grinstein-Weiss, Meredith Covington, Margaret M. Clancy, Michael Sherraden
Center for Social Development Research
In November 2015, Israel enacted legislation to create and fund a Child Development Account program. Beginning in 2017, every baby born to an insured Israeli resident will receive a Child Development Account in his or her name. This brief details the policy, which was developed in collaboration with researchers at the Center for Social Development, and offers recommendations to guide its implementation.
Impacts Of Financial Inclusion On Youth Development: Findings From The Ghana Youthsave Experiment, Gina Chowa, Rainier Masa, David Ansong, Mat Despard, Shiyou Wu, Deborah Hughes, Isaac Osei-Akoto, Stephanie Afranie, Naa Adjorkor Mark-Sowah, Charles Ofori-Acquah, Yungsoo Lee, Lissa Johnson, Michael Sherraden
Impacts Of Financial Inclusion On Youth Development: Findings From The Ghana Youthsave Experiment, Gina Chowa, Rainier Masa, David Ansong, Mat Despard, Shiyou Wu, Deborah Hughes, Isaac Osei-Akoto, Stephanie Afranie, Naa Adjorkor Mark-Sowah, Charles Ofori-Acquah, Yungsoo Lee, Lissa Johnson, Michael Sherraden
Center for Social Development Research
The Ghana YouthSave Experiment investigated whether and how youth savings accounts affect financial capability; psychosocial, education, and health outcomes; and economic well-being of Ghanaian youth and their households. The research rigor in the Ghana experiment is unprecedented in resource-limited countries; therefore, it offers an opportunity to posit causal relationships between savings and youth development. This endline report, which comes three years after the baseline report, describes the Ghana experiment and presents experimental findings of YouthSave. The key research questions this report aims to answer is whether the Ghana experiment improved (1) savings patterns and performance for low-income youth; (2) low-income …
Youth Savings Patterns And Performance In Ghana: A Supplementary Report, Lissa Johnson, Yungsoo Lee, David Ansong, Gina Chowa, Michael Sherraden, Isaac Osei-Akoto
Youth Savings Patterns And Performance In Ghana: A Supplementary Report, Lissa Johnson, Yungsoo Lee, David Ansong, Gina Chowa, Michael Sherraden, Isaac Osei-Akoto
Center for Social Development Research
This report provides findings on youth savings patterns and performance of youth who opened formal savings accounts through Ghana’s HFC Bank. This report supplements a larger study on youth savings patterns and performance in Ghana, Kenya, Nepal, and Colombia through the YouthSave project.
The Early Positive Impacts Of Child Development Accounts, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden
The Early Positive Impacts Of Child Development Accounts, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden
Center for Social Development Research
This research brief highlights the findings of several studies from the SEED for Oklahoma Kids experiment, a large-scale policy test of universal, automatic, and progressive Child Development Accounts (CDAs). The universal and automatic components make the CDA in SEED OK inclusive by providing college accounts and savings to all treatment children. These studies primarily report the positive impacts of the CDA on nonfinancial outcomes (e.g., educational expectations, mother’s mental health, and child development). The impacts are often greater for disadvantaged children.
College Savings Plans: A Platform For Inclusive And Progressive Child Development Accounts, Margaret M. Clancy, Michael Sherraden, Sondra G. Beverly
College Savings Plans: A Platform For Inclusive And Progressive Child Development Accounts, Margaret M. Clancy, Michael Sherraden, Sondra G. Beverly
Center for Social Development Research
College Savings Plans: A Platform for Inclusive and Progressive Child Development Accounts
Baseline Survey Of The Third Cohort: A Supplemental Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Shiyou Wu, Yalitza Ramos, Meli Blake Kimathi
Baseline Survey Of The Third Cohort: A Supplemental Report From The Youthsave Ghana Experiment, Gina Chowa, David Ansong, Rainier Masa, Shiyou Wu, Yalitza Ramos, Meli Blake Kimathi
Center for Social Development Research
Baseline Survey of the Third Cohort: A Supplemental Report From the YouthSave Ghana Experiment
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 …
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.
Seed For Oklahoma Kids: Experimental Test Of A Policy Innovation In A Full Population, Lisa Reyes Mason, Yunju Nam, Margaret Clancy, Michael Sherraden
Seed For Oklahoma Kids: Experimental Test Of A Policy Innovation In A Full Population, Lisa Reyes Mason, Yunju Nam, Margaret Clancy, Michael Sherraden
Center for Social Development Research
The Center for Social Development at Washington University in St. Louis has implemented an ambitious policy demonstration: SEED for Oklahoma Kids (SEED OK). This initiative uses multiple research methods, including a scientific experiment in a full population, to test a policy innovation. The innovation is providing a Child Development Account (CDA) to all children at birth. In SEED OK, randomly selected newborn children in Oklahoma received a college savings account “seeded” with a $1,000 initial deposit, plus additional components of the SEED OK intervention. This case study describes the multiyear process of designing and implementing SEED OK and sheds light …
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
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
Interviews With Mothers Of Young Children In The Seed For Oklahoma Kids College Savings Experiment, Karen Gray, Margaret Clancy, Margaret S. Sherraden, Kristen Wagner, Julie Miller-Cribbs
Interviews With Mothers Of Young Children In The Seed For Oklahoma Kids College Savings Experiment, Karen Gray, Margaret Clancy, Margaret S. Sherraden, Kristen Wagner, Julie Miller-Cribbs
Center for Social Development Research
Interviews With Mothers of Young Children in the SEED for Oklahoma Kids College Savings Experiment
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
Financial Knowledge And Child Development Account Policy: A Test Of Financial Capability, Jin Huang, Yunju Nam, Margaret Sherrard Sherraden
Financial Knowledge And Child Development Account Policy: A Test Of Financial Capability, Jin Huang, Yunju Nam, Margaret Sherrard Sherraden
Center for Social Development Research
This study examines how study participants’ financial knowledge and participation in a Child Development Account (CDA) intervention affect 529 College Savings Plan account holding among caregivers of infants. The study uses data from the SEED for Oklahoma Kids experiment (SEED OK, N=2,51), a statewide randomized experiment using a probability sample of infants selected from birth records. SEED OK is a policy test of universal and progressive CDAs that encourage families to accumulate assets for their children’s future. Results of logit regression show that participants’ financial knowledge is positively related to the account holding in the treatment group, but not in …
Parental Educational Expectations By Race/Ethnicity And Socioeconomic Status, Youngmi Kim, Michael Sherraden, Margaret Clancy
Parental Educational Expectations By Race/Ethnicity And Socioeconomic Status, Youngmi Kim, Michael Sherraden, Margaret Clancy
Center for Social Development Research
Research has linked parents’ educational expectations to children’s educational attainment, but findings regarding differences in educational expectations by race/ethnicity have been inconsistent. In addition, existing studies have focused on school-age children and their parents. In this study, we examine educational expectations in mothers of newborn children using a state representative sample. a series of logistic regressions are conducted for the full sample (N=2,572) and for individual racial groups to investigate parental educational expectations by race and Hispanic origin. The study finds that non-Hispanic Whites hold higher educational expectations for their children compared to African Americans, American Indians, and Hispanics. However, …
Reducing The College Progress Gap Between Low- To Moderate-Income (Lmi) And High-Income (Hi) Young Adults: Assets As An Understudied Form Of Economic Capital, William Elliott Iii, Monique Constance-Huggins, Hyun-A Song
Reducing The College Progress Gap Between Low- To Moderate-Income (Lmi) And High-Income (Hi) Young Adults: Assets As An Understudied Form Of Economic Capital, William Elliott Iii, Monique Constance-Huggins, Hyun-A Song
Center for Social Development Research
Reducing the College Progress Gap Between Low- to Moderate-Income (LMI) and High-Income (HI) Young Adults: Assets as an Understudied Form of Economic Capital
The Age Old Question, Which Comes First? A Simultaneous Test Of Children's Savings And Children's College-Bound Identity, William Elliott Iii, Eun Hee Choi, Mesmin Destin, Kevin Kim
The Age Old Question, Which Comes First? A Simultaneous Test Of Children's Savings And Children's College-Bound Identity, William Elliott Iii, Eun Hee Choi, Mesmin Destin, Kevin Kim
Center for Social Development Research
The Age Old Question, Which Comes First? a Simultaneous Test of Children's Savings and Children's College-Bound Identity
Direct Effects Of Assets And Savings On The College Progress Of Black Young Adults, William Elliott Iii, Ilsung Nam
Direct Effects Of Assets And Savings On The College Progress Of Black Young Adults, William Elliott Iii, Ilsung Nam
Center for Social Development Research
Direct Effects of Assets and Savings on the College Progress of Black Young Adults
Direct Effects Of Assets And Savings On The College Progress Of Black Young Adults, William Elliott Iii, Ilsung Nam
Direct Effects Of Assets And Savings On The College Progress Of Black Young Adults, William Elliott Iii, Ilsung Nam
Center for Social Development Research
Large disparities in attendance and graduation rates exist between White and Black young adults. We find that 63% of White young adults between the ages of 17 to 23 are on course (i.e., either in college or have graduated from college) in 2007 compared to only 35% of Black young adults. Moreover, research suggests that Black young adults who manage to stay on course and graduate are facing ever increasing amounts of college debt. Debt can lessen the return on education, making college appear less desirable for future generations. Thus, finding novel and promising ways to promote college progress that …
The Age Old Question, Which Comes First? A Simultaneous Test Of Children's Savings And Children's College-Bound Identity, William Elliott Iii, Eun Hee Choi, Mesmin Destin, Kevin H. Kim
The Age Old Question, Which Comes First? A Simultaneous Test Of Children's Savings And Children's College-Bound Identity, William Elliott Iii, Eun Hee Choi, Mesmin Destin, Kevin H. Kim
Center for Social Development Research
This study has three goals: (1) to provide an extensive review of research on the assets/expectation relationship, (2) to provide a conceptual framework for how children’s savings effects children’s college-bound identity (children’s college expectations are a proxy for children’s college-bound identity), and (3) to conduct a simultaneous test of whether owning a savings account leads to college-bound identity or college-bound identity lead to owning a savings account using path analytic technique with Structural Equation Modeling (SEM). Our review reveals asset researchers theorize about college-bound identity in two distinct but compatible ways: college-bound identity as a “linking mechanism," and college-bound identity …
The Seed For Oklahoma Kids Experiment: Initial Account Opening And Savings, Robert Zager, Youngmi Kim, Yunju Nam, Margaret Clancy, Michael Sherraden
The Seed For Oklahoma Kids Experiment: Initial Account Opening And Savings, Robert Zager, Youngmi Kim, Yunju Nam, Margaret Clancy, Michael Sherraden
Center for Social Development Research
The SEED for Oklahoma Kids Experiment: Initial Account Opening and Savings
From Helena To Harlem: Experiences Of Lower-Income Rural And Urban Parents In Childrens Savings Account Programs, Edward Scalon, Leann Wittman
From Helena To Harlem: Experiences Of Lower-Income Rural And Urban Parents In Childrens Savings Account Programs, Edward Scalon, Leann Wittman
Center for Social Development Research
This report focuses on a qualitative study of parents and other parents who were involved in the SEED program at the Harlem Children’s Zone in New York City and the Southern Good Faith Fund in Helena-West Helena, Arkansas. In-depth interviews with the caregivers of child participants were designed to help provide a richer understanding of perceived facilitators and obstacles to saving, perceived effects of saving, and participants’ experiences of various program features. This report focus on three of our primary research concerns: perceived saving facilitators, perceived saving barriers, and perceived impacts of SEED participation.
Do Parental Assets Matter For Children's Educational Attainment?: Evidence From Mediation Tests, Youngmi Kim, Michael Sherraden
Do Parental Assets Matter For Children's Educational Attainment?: Evidence From Mediation Tests, Youngmi Kim, Michael Sherraden
Center for Social Development Research
This study investigates (1) the effects of parental assets on children’s educational attainment from high school completion to college degree attainment, and (2) mediating roles played by parental involvement, child’s educational expectations, and child’s self-esteem. The study sample (N=632) is drawn from the Child and Young Adult data supplement to the National Longitudinal Study of Youth 1979. Results indicate that parental assets are associated with children’s later educational attainment. Financial assets and home-ownership are significantly associated with high school completion and college attendance. In addition, family income becomes non-significant when specific measures of assets and liabilities are taken into account. …
The Role Of Savings And Wealth In Reducing "Wilt" Between Expectations And College Attendance, William Elliott Iii, Sondra G. Beverly
The Role Of Savings And Wealth In Reducing "Wilt" Between Expectations And College Attendance, William Elliott Iii, Sondra G. Beverly
Center for Social Development Research
“Wilt” occurs when a young person who expects to attend college while in high school does not attend college shortly after graduating. In this study we find that youth with no account in their own name are more likely to experience wilt than any other group examined. In multivariate analysis, youth who expect to graduate from a four-year college and have an account are approximately seven times more likely to attend college than youth who have no account. Youth who expect to graduate from a four-year college and have designated a portion of their savings for college are approximately four …
Streamlined Enrollment And Default Investment: Innovations In Alaska's College Savings Plan, Margaret M. Clancy, Terry Lassar, Rebekah Miller
Streamlined Enrollment And Default Investment: Innovations In Alaska's College Savings Plan, Margaret M. Clancy, Terry Lassar, Rebekah Miller
Center for Social Development Research
As college savings plans have gained in popularity and matured over the years, states have developed a number of innovations to facilitate access to and participation in 529s. This paper examines innovations in streamlined enrollment, pre-selected investment, and default investment in Alaska’s college savings plan. These 529 innovations—intended to facilitate greater participation, especially amongst low- and middle-income families—could play a more important role in other states to encourage savings for postsecondary education.
The Human Capital Agenda: Asset Holding And Educational Attainment Among African-American Youth, William Elliott, Kevin Kim, Hyunzee Jung, Min Zhan
The Human Capital Agenda: Asset Holding And Educational Attainment Among African-American Youth, William Elliott, Kevin Kim, Hyunzee Jung, Min Zhan
Center for Social Development Research
This study extends previous analyses in several ways. First, in addition to parental wealth, the relationship between children’s wealth and math and reading scores are examined. Second, we examine different mediating pathways that wealth may affect children’s math and reading scores in a single path analysis model. The advantage of path analysis over traditional regression analyses, which are typically used in this area, is that researchers can get a glimpse of relationships among variables. While the focus of regression analysis is on the associations of predictors with outcome variables, path analysis provides a larger picture of the overall structure of …
Global Savings, Assets And Financial Inclusion: Lessons, Challenges, And Directions, Jamie M. Zimmerman, Ray Boshara, Michael Sherraden, Li Zou, Kate Mckee, Leslie Meek-Wohl, Amy Feldman
Global Savings, Assets And Financial Inclusion: Lessons, Challenges, And Directions, Jamie M. Zimmerman, Ray Boshara, Michael Sherraden, Li Zou, Kate Mckee, Leslie Meek-Wohl, Amy Feldman
Center for Social Development Research
Global Savings, Assets and Financial Inclusion: Lessons, Challenges, and Directions