Publication Date
4-22-2016
Summary
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.
Document Type
Policy Brief
Category
Financial Inclusion
Subarea
Global Asset Building
Original Citation
Grinstein-Weiss, M., Covington, M., Clancy, M. M., & Sherraden, M. (2016, April). A savings account for every child born in Israel: Recommendations for program implementation (CSD Policy Brief No. 16-11). St. Louis, MO: Washington University, Center for Social Development.
Project
Israel: Asset Building Policy and Child Development Accounts
Keywords
Israel, CDA, child development account, child development, asset building, asset effects, asset holding, asset ownership, assets, child savings account, children, economic mobility, economic opportunity, financial capability, financial education, homeownership, housing, IDA, inclusion, inclusive policy, individual development, individual development account, institutional features, policy, policy design, post-secondary education, saving, savings, well-being
Recommended Citation
Grinstein-Weiss, M., Covington, M., Clancy, M. M., & Sherraden, M. (2016, April). A savings account for every child born in Israel: Recommendations for program implementation (CSD Policy Brief No. 16-11). St. Louis, MO: Washington University, Center for Social Development.
DOI: https://doi.org/10.7936/K71N80NN