1st Edition

Inclusive Child Development Accounts Toward Universality and Progressivity

Edited By Jin Huang, Li Zou, Michael Sherraden Copyright 2020
    120 Pages
    by Routledge

    120 Pages
    by Routledge

    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. and Zou, L.

    Part I: Inclusive Child Development Account Policies

    1. Building assets from birth: Singapore’s policies

    Loke, V. and 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. and Gottlieb, D.

    3. Impacts of child development accounts on parenting practices: evidence from a randomised statewide experiement

    Huang, J., Nam Y., Sherraden, M. and 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

    Cheng, L.-C.

    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. and Ssewamala, F. M.

    3. A qualitative study on participants’ perceptions of child development accounts in Korea

    Han, C.-K.

    4. Breaking the cycle: an asset-based family intervention for poverty alleviation in China

    Deng, S.

    Conclusion: Policy models for child development accounts: vision, potential, strategies

    Huang, J., Sherraden, M. and Zou, L.


    Jin Huang is Associate Professor in Social Work at the College for Public Health and Social Justice, St. Louis University, USA.

    Li Zou is International Director at the Next Age Institute and Center for Social Development, Washington University in St. Louis, USA.

    Michael Sherraden is the George Warren Brown Distinguished University Professor and Founding Director at the Center for Social Development, Washington University in St. Louis, USA.