Inclusive Child Development Accounts showcases the global context of emerging asset-building policies and programmes around Child Development Accounts.
Child Development Accounts, (CDAs), are subsidized accounts that enable families to accumulate assets to invest in children’s development and life goals, such as postsecondary education, homeownership, business development, and retirement security. The vision for CDAs is to be universal (meaning everyone participates), progressive (meaning greater subsidies for the poor), and lifelong (meaning from the cradle to the grave). Since 1991, schools, communities, states, provinces, and entire countries have launched various CDA programs and policies. In the first part of the volume, scholars highlight the core feature of "inclusiveness" of CDAs in Singapore, Israel, and the United States. In the second part, scholars report on CDA policies and projects in Taiwan, Uganda, Korea, and mainland China.
Showing how asset building can be effective in diverse cultural and social contexts, and that all these contexts emphasize the investing in children early in life and empowering of them to achieve their potential as productive citizens, Inclusive Child Development Accounts will be of great interest to Scholars of social work, policy, investment and development, as well as financial inclusivity. It originally published as a special issue of the Asia Pacific Journal of Social Work and Development.
Introduction: Toward universal, progressive, and lifelong asset building
Sherraden, M., Huang, J., & Zou, L.
Part I: Inclusive Child Development Account Policies
1. Building assets from birth: Singapore’s policies
Loke, V., & Sherraden, M.
2. The Saving for Every Child Program in Israel: An overview of a universal asset-building policy
Grinstein-Weiss, M., Kondratjeva, O., Roll, S. P., Pinto, O., & Gottlieb, D.
3. Impacts of Child Development Accounts on parenting practices
Huang, J., Nam Y., Sherraden, M., & Clancy M.
Part II: Child Development Account Programs and Projects
1. Policy innovation and policy realisation: The example of Children Future Education and Development Accounts in Taiwan
2. Assessing the impact of an asset-based intervention on educational outcomes of orphaned children and adolescents: Findings from a randomised experiment in Uganda
Nabunya, P., Namatovu, P., Damulira, C., Kivumbi, A., Byansi, W., Mukasa, M., Nattabi, J., & Ssewamala, F. M.
3. A qualitative study on participants’ perceptions of Child Development Accounts in Korea
4. Breaking the cycle: An asset-based family intervention for poverty alleviation in China
Huang, J., Sherraden, M., & Zou, L.