Additional Authors

Nam, Yunju; Clancy, Margaret; Kim, Youngmi; Loke, Vernon

Publication Date

9-11-2009

Summary

This study examines savings outcomes in the first large-scale demonstration of Child Development Accounts (CDAs) in the United States—the Saving for Education, Entrepreneurship, and Downpayment (SEED) initiative. It is also the first empirical study, to our knowledge, to investigate associations between savings outcomes and incentives in an asset-building program for children. This study enhances knowledge about saving in CDAs, incentives in public policy in general, and incentives in savings policy in particular. Results can inform CDA policy design.

Document Type

Working Paper

Category

Financial Inclusion

Subarea

Asset Building

Notes

Subsequent publication: Mason, L. R., Nam, Y., Clancy, M., Kim, Y., & Loke, V. (2010). Child Development Accounts and saving for children's future: Do financial incentives matter? Children & Youth Services Review, 32(11), 1570–1576. doi:10.1016/j.childyouth.2010.04.007

Original Citation

Mason, L. R., Nam, Y., Clancy, M., Kim, Y., & Loke, V. (2009). Child Development Accounts and saving for children's future: Do financial incentives matter? (CSD Working Paper No. 09-54). St. Louis, MO: Washington University, Center for Social Development.

DOI:

https://doi.org/10.7936/K7FN15R4

Project

SEED National Initiative

Keywords

CDA Symposium, child savings, child development account, SEED, college savings, financial incentives

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