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Research Summary: Testing Universal College Savings Accounts At Birth: Early Research From Seed For Oklahoma Kids, Sondra G. Beverly, Margaret M. Clancy, Michael Sherraden Apr 2014

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 …


Automatic Deposits For All At Birth: Maine's Harold Alfond College Challenge, Margaret M. Clancy, Michael Sherraden Mar 2014

Automatic Deposits For All At Birth: Maine's Harold Alfond College Challenge, Margaret M. Clancy, Michael Sherraden

Center for Social Development Research

The first statewide Child Development Account (CDA) in the United States announced a major change in strategy to automatically enroll all newborns. Evidence from CDA research has contributed to the decision by the College Challenge to remove its original opt-in requirement—in which parents must enroll their newborns in the state’s 529 college savings plan to receive a $500 grant—in favor of universal enrollment—in which every child is enrolled automatically at birth with a $500 grant.


Building A Lifetime Of Economic Security: Mobilizing For Change, Center For Social Development Mar 2014

Building A Lifetime Of Economic Security: Mobilizing For Change, Center For Social Development

Center for Social Development Research

Building a Lifetime of Economic Security: Mobilizing for Change


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 Feb 2014

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


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 Feb 2014

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


Does Outstanding Student Debt Reduce Asset Accumulation?, William Elliott, Michal Grinstein-Weiss, Ilsung Nam Jan 2014

Does Outstanding Student Debt Reduce Asset Accumulation?, 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 assess whether student loan debt is associated with total assets. They find that median 2009 assets for households with no outstanding student loan debt ($207,000) are higher than they are for households with outstanding student loan debt ($174,000). Multivariate statistics indicate that a household with a four-year college graduate, outstanding student loan debt, and median assets ($451,520) in 2007 had $136,73 (36%) less home equity in 2009 than a household with a similar household with no outstanding student loan debt. The main policy implication of this study …


An Event History Analysis Of Educational Loans And College Graduation: A Focus On Differences By Race And Ethnicity, Min Zhan, Xiaoling Xiang Dec 2013

An Event History Analysis Of Educational Loans And College Graduation: A Focus On Differences By Race And Ethnicity, Min Zhan, Xiaoling Xiang

Center for Social Development Research

This study examines the association between educational loans and college graduation rates, with a focus on differences by race and ethnicity. Data come from the 1997 National Longitudinal Survey of Youth (NLSY97). Results from event history analyses that control for a number of student characteristics, college experiences, and financial resources indicate that educational loans are positively related to the rate of college graduation. Larger loan amounts tend to decrease the likelihood of college graduation. The relationship between educational loans and college graduation is stronger among minority (Black and Hispanic) students. Overall, there is little evidence that educational loans reduce racial …


Student Debt And Declining Retirement Savings, William Elliott, Michal Grinstein-Weiss, Ilsung Nam Nov 2013

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 …


Is Student Debt Compromising Homeownership As A Wealth-Building Tool?, William Elliott, Michal Grinstein-Weiss, Ilsung Nam Nov 2013

Is Student Debt Compromising Homeownership As A Wealth-Building Tool?, William Elliott, Michal Grinstein-Weiss, Ilsung Nam

Center for Social Development Research

In this study, the authors use 2007–2009 Survey of Consumer Finance longitudinal data to examine if having student loans affected home equity during the Great Recession. We find that median 2009 home equity ($90,000) for households with no outstanding student loan debt is twice as high as that of households with outstanding student loan debt ($45,000). Further, multivariate statistics reveal that a household with a college graduate, median 2007 home equity, and student loan debt had $54,334 (40%) less home equity in 2009 than a household with a college graduate, median home equity, and no college debt. The main policy …


Child Development Accounts And College Success: Accounts, Assets, Expectations, And Achievements, Sondra G. Beverly, William Elliott, Michael Sherraden Nov 2013

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.


The Impact Of Family Assets And Debt On College Graduation, Min Zhan, Deidre Lanesskog Oct 2013

The Impact Of Family Assets And Debt On College Graduation, Min Zhan, Deidre Lanesskog

Center for Social Development Research

This study examines the influence of family financial assets and debt, both measured during the time of youth’s college enrollment, on the chances of college graduation. Data come from the National Longitudinal Survey of Youth. Results from analyses controlling for a number of student, parental, and institutional characteristics indicate that family assets are positively related to the chances of college graduation among White and Black students; family debt is negatively associated with the odds of college graduation among Black students, but neither family assets nor family debt is related to the chances of college graduation among Hispanic students. Overall, results …


Youth Savings Patterns And Performance In Colombia, Ghana, Kenya, And Nepal, Lissa Johnson, Yungsoo Lee, Michael Sherraden, Gina A. N. Chowa, David Ansong, Fred Ssewamala, Margaret S. Sherraden, Li Zhou, Moses Njenga, Joseph Kieyah, Isaac Osei-Akoto, Sharad Sharma, Jyoti Manandhar, Catherine Orgales Rodriguez, Frederico Merchán, Juan Saavedra Oct 2013

Youth Savings Patterns And Performance In Colombia, Ghana, Kenya, And Nepal, Lissa Johnson, Yungsoo Lee, Michael Sherraden, Gina A. N. Chowa, David Ansong, Fred Ssewamala, Margaret S. Sherraden, Li Zhou, Moses Njenga, Joseph Kieyah, Isaac Osei-Akoto, Sharad Sharma, Jyoti Manandhar, Catherine Orgales Rodriguez, Frederico Merchán, Juan Saavedra

Center for Social Development Research

Youth Savings Patterns and Performance in Colombia, Ghana, Kenya, and Nepal


The Impact Of Family Assets And Debt On College Graduation, Min Zhan, Deidre Lanesskog Oct 2013

The Impact Of Family Assets And Debt On College Graduation, Min Zhan, Deidre Lanesskog

Center for Social Development Research

The Impact of Family Assets and Debt on College Graduation


Impacts Of The Mission Continues Fellowship Program On Post-9/11 Disabled Military Veterans, Their Families, And Their Communities, Monica M. Matthieu, Ian D. Smith, Nancy Morrow-Howell, Amanda Moore Mcbride Oct 2013

Impacts Of The Mission Continues Fellowship Program On Post-9/11 Disabled Military Veterans, Their Families, And Their Communities, Monica M. Matthieu, Ian D. Smith, Nancy Morrow-Howell, Amanda Moore Mcbride

Center for Social Development Research

Impacts of the Mission Continues Fellowship Program on Post-9/11 Disabled Military Veterans, Their Families, and Their Communities


Reexamining Impacts Of The Mission Continues Fellowship Program On Post-9/11 Veterans, Their Families, And Their Communities, Monica M. Matthieu, Aaron J. Scheinberg, Nancy Morrow-Howell, Amanda Moore Mcbride Oct 2013

Reexamining Impacts Of The Mission Continues Fellowship Program On Post-9/11 Veterans, Their Families, And Their Communities, Monica M. Matthieu, Aaron J. Scheinberg, Nancy Morrow-Howell, Amanda Moore Mcbride

Center for Social Development Research

Reexamining Impacts of the Mission Continues Fellowship Program on Post-9/11 Veterans, Their Families, and Their Communities


The Mission Continues: Reexamining Engagement Of Post-9/11 Veterans In Civic Service, Monica M. Matthieu, Aaron J. Scheinberg, Amanda Moore Mcbride, Nancy Morrow-Howell Oct 2013

The Mission Continues: Reexamining Engagement Of Post-9/11 Veterans In Civic Service, Monica M. Matthieu, Aaron J. Scheinberg, Amanda Moore Mcbride, Nancy Morrow-Howell

Center for Social Development Research

The Mission Continues: Reexamining Engagement of Post-9/11 Veterans in Civic Service


Reexamining Participant Satisfaction With The Mission Continues Fellowship Program For Post-9/11 Veterans, Monica M. Matthieu, Aaron J. Scheinberg, David Rogers, Jessica Varner Oct 2013

Reexamining Participant Satisfaction With The Mission Continues Fellowship Program For Post-9/11 Veterans, Monica M. Matthieu, Aaron J. Scheinberg, David Rogers, Jessica Varner

Center for Social Development Research

Reexamining Participant Satisfaction With the Mission Continues Fellowship Program for Post-9/11 Veterans


Seed For Oklahoma Kids: Experimental Test Of A Policy Innovation In A Full Population, Lisa Reyes Mason, Yunju Nam, Margaret Clancy, Michael Sherraden Oct 2013

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 …


Visual Demonstration Of Academic Performance And Parental Involvement In Ghana, David Ansong, Gena A. N. Chowa Sep 2013

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


The Impact Of Asset Ownership On Future Orientation Of Youth And Their Parents: Evidence From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa Sep 2013

The Impact Of Asset Ownership On Future Orientation Of Youth And Their Parents: Evidence From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa

Center for Social Development Research

Future orientation influences a variety of desirable behaviors, but few researchers have studied the impact of economic resources on future orientation. In this study, we investigate whether and how asset ownership influences future orientation of Ghanaian youth and their parents. Results of propensity score models suggest that asset ownership has a positive effect on future orientation of youth and their parents. Ownership of household possessions, including televisions and modes of transportation, contributes to higher levels of future orientation among youth and parents, but livestock ownership has a negative effect on future orientation. Asset ownership provides individuals and households with a …


Savings Patterns And Performance In Colombia, Ghana, Kenya, And Nepal, Lissa Johnson, Yungsoo Lee, Michael Sherraden, Gina A. N. Chowa, David Ansong, Fred Ssewamala, Margaret Sherraden, Li Zou, Moses Njenga, Joseph Kieyah, Isaac Osei-Akoto, Sharad Sharma, Jyoti Manandhar, Catherine Rodriguez, Frederico Merchán, Juan Saavedra Sep 2013

Savings Patterns And Performance In Colombia, Ghana, Kenya, And Nepal, Lissa Johnson, Yungsoo Lee, Michael Sherraden, Gina A. N. Chowa, David Ansong, Fred Ssewamala, Margaret Sherraden, Li Zou, Moses Njenga, Joseph Kieyah, Isaac Osei-Akoto, Sharad Sharma, Jyoti Manandhar, Catherine Rodriguez, Frederico Merchán, Juan Saavedra

Center for Social Development Research

Savings Patterns and Performance in Colombia, Ghana, Kenya, and Nepal


Parental Involvement's Effects On Academic Performance: Evidence From The Youthsave Ghana Experiment, Gina A. N. Chowa, Rainier D. Masa, Jenna Tucker Sep 2013

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 …


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 Sep 2013

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 …


Refund To Savings (R2s): Insight From The Field, 2012, Krista Holub, Michal Grinstein-Weiss, Clinton Key, Dan Ariely May 2013

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


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 May 2013

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


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 May 2013

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


Perceived Impact Of Individual Development Account Participation Among Native Hawaiians, David W. Rothwell, Rashida Bhaiji, Anne Blumenthal May 2013

Perceived Impact Of Individual Development Account Participation Among Native Hawaiians, David W. Rothwell, Rashida Bhaiji, Anne Blumenthal

Center for Social Development Research

Indigenous peoples face many social development challenges and the lingering effects of colonization. Income transfer, a traditional social welfare approach designed to raise minimum living standards, has had limited beneficial effects on long-term social conditions. As a complement to income transfer, asset-based approaches to social welfare have resulted in positive effects in the short and long terms. Some Indigenous communities are exploring how asset-based interventions might enhance social development (Hicks, Edwards, Dennis, & Finsel, 2005), but only limited and scattered research describes how they experience asset-building programs. This qualitative descriptive study explores the perceived impact of a large Individual Development …


Conceptual Development Of The Cyfi Model Of Children And Youth As Economic Citizens, Margaret S. Sherraden, David Ansong Apr 2013

Conceptual Development Of The Cyfi Model Of Children And Youth As Economic Citizens, Margaret S. Sherraden, David Ansong

Center for Social Development Research

Conceptual Development of the CYFI Model of Children and Youth as Economic Citizens


Research Evidence On The Cyfi Model Of Children And Youth As Economic Citizens, Margaret S. Sherraden, David Ansong Apr 2013

Research Evidence On The Cyfi Model Of Children And Youth As Economic Citizens, Margaret S. Sherraden, David Ansong

Center for Social Development Research

Research Evidence on the CYFI Model of Children and Youth as Economic Citizens


Relationships Between College Savings And Enrollment, Graduation, And Student Loan Debt, William Elliott Iii, Hyun-A Song, Ilsung Nam Apr 2013

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