... Signe-Mary Mckernan Caroline Ratcliffe Robert Lerman Henry Chen Adam Carasso Eugene Steuerle ... more ... Signe-Mary Mckernan Caroline Ratcliffe Robert Lerman Henry Chen Adam Carasso Eugene Steuerle Elizabeth ... Michael Sherraden Yunju Nam Sondra G. Beverly Mark R. Rank Mark Schreiner Trina R ... 4) hard assets other than real estate, such as automobiles, jewelry, art, and ...
This study examines the effects of welfare, Food Stamp, and Individual Development Account rules ... more This study examines the effects of welfare, Food Stamp, and Individual Development Account rules on low-education families’ asset holding, using family-level data from the Survey of Income and Program Participation covering 1991–2003 and state-level data from various sources. Fixed-effect regression models estimate the relationship between state program rules and liquid assets, vehicle assets, and net worth. The results suggest that more lenient asset limits in means-tested programs and more generous IDA rules may have positive effects on asset holdings among low-education families.
This study tests an assumption of refugee resettlement policy: Refugees are dependent on welfare.... more This study tests an assumption of refugee resettlement policy: Refugees are dependent on welfare. Using administrative data from a county government, we compare the probability of receiving welfare...
Since 1991, a new policy discussion has arisen in the United States and other countries, focusing... more Since 1991, a new policy discussion has arisen in the United States and other countries, focusing on building assets as a complement to traditional social policy based on income. In fact, asset-based policy with large public subsidies already existed (and still exists) in the United States. But the policy is regressive, benefiting the rich far more than the poor. The goal should be a universal, progressive, and lifelong asset-based policy. One promising pathway may be child development accounts (CDAs) beginning at birth, with greater public deposits for the poorest children. If all children had an account, then eventually this could grow into a universal public policy across the life course.
Automatic account opening is essential because just having an account (regardless of savings leve... more Automatic account opening is essential because just having an account (regardless of savings levels) may lead to positive outcomes. SEED Michigan impact assessment participants expressed ownership of “our savings” even when the deposits had been made by others. There is also evidence that Individual Development Account owners are pleased to “own” their savings even if they have not deposited all or any of the money (Sherraden & McBride, 2010).
For every child in the treatment group, SEED OK opened a state-owned OK 529 account and “seeded” ... more For every child in the treatment group, SEED OK opened a state-owned OK 529 account and “seeded” it with $1,000.1 Primary caregivers of these treatment children were also encouraged to open their own (private, not state-owned) OK 529 account with the child as benefi ciary. Those who opened a “participantowned” OK 529 account by April 15, 2009, received a $100 account-opening incentive. For about four years, lowand moderate-income treatment families were eligible for additional incentives, in the form of saving matches. Caregivers in the control group did not receive any information from SEED OK about the OK 529, were not eligible for the state-owned OK 529 account, and were not offered any SEED OK fi nancial incentives. However, they could open their own “participant-owned” OK 529 accounts, just as any nonstudy participant can (Zager et al., 2010). | JULY 2012 | CSD PUBLICATION NO. 12-34 |
Analyses of child birth record data demonstrate that the child and parental characteristics of tr... more Analyses of child birth record data demonstrate that the child and parental characteristics of treatment and control group participants were not statistically different.3 Table 1 presents descriptive findings of the two groups regarding child’s race/ethnicity, child’s gender, mother’s marital status and education, age of mother and father, and child birth weight as reported in the 2007 birth registry (Table 1).
This study examines the effects of welfare, Food Stamp, and Individual Development Account rules ... more This study examines the effects of welfare, Food Stamp, and Individual Development Account rules on low-education families’ asset holding, using family-level data from the Survey of Income and Program Participation covering 1991–2003 and state-level data from various sources. Fixed-effect regression models estimate the relationship between state program rules and liquid assets, vehicle assets, and net worth. The results suggest that more lenient asset limits in means-tested programs and more generous IDA rules may have positive effects on asset holdings among low-education families.
... Signe-Mary Mckernan Caroline Ratcliffe Robert Lerman Henry Chen Adam Carasso Eugene Steuerle ... more ... Signe-Mary Mckernan Caroline Ratcliffe Robert Lerman Henry Chen Adam Carasso Eugene Steuerle Elizabeth ... Michael Sherraden Yunju Nam Sondra G. Beverly Mark R. Rank Mark Schreiner Trina R ... 4) hard assets other than real estate, such as automobiles, jewelry, art, and ...
This study examines the effects of welfare, Food Stamp, and Individual Development Account rules ... more This study examines the effects of welfare, Food Stamp, and Individual Development Account rules on low-education families’ asset holding, using family-level data from the Survey of Income and Program Participation covering 1991–2003 and state-level data from various sources. Fixed-effect regression models estimate the relationship between state program rules and liquid assets, vehicle assets, and net worth. The results suggest that more lenient asset limits in means-tested programs and more generous IDA rules may have positive effects on asset holdings among low-education families.
This study tests an assumption of refugee resettlement policy: Refugees are dependent on welfare.... more This study tests an assumption of refugee resettlement policy: Refugees are dependent on welfare. Using administrative data from a county government, we compare the probability of receiving welfare...
Since 1991, a new policy discussion has arisen in the United States and other countries, focusing... more Since 1991, a new policy discussion has arisen in the United States and other countries, focusing on building assets as a complement to traditional social policy based on income. In fact, asset-based policy with large public subsidies already existed (and still exists) in the United States. But the policy is regressive, benefiting the rich far more than the poor. The goal should be a universal, progressive, and lifelong asset-based policy. One promising pathway may be child development accounts (CDAs) beginning at birth, with greater public deposits for the poorest children. If all children had an account, then eventually this could grow into a universal public policy across the life course.
Automatic account opening is essential because just having an account (regardless of savings leve... more Automatic account opening is essential because just having an account (regardless of savings levels) may lead to positive outcomes. SEED Michigan impact assessment participants expressed ownership of “our savings” even when the deposits had been made by others. There is also evidence that Individual Development Account owners are pleased to “own” their savings even if they have not deposited all or any of the money (Sherraden & McBride, 2010).
For every child in the treatment group, SEED OK opened a state-owned OK 529 account and “seeded” ... more For every child in the treatment group, SEED OK opened a state-owned OK 529 account and “seeded” it with $1,000.1 Primary caregivers of these treatment children were also encouraged to open their own (private, not state-owned) OK 529 account with the child as benefi ciary. Those who opened a “participantowned” OK 529 account by April 15, 2009, received a $100 account-opening incentive. For about four years, lowand moderate-income treatment families were eligible for additional incentives, in the form of saving matches. Caregivers in the control group did not receive any information from SEED OK about the OK 529, were not eligible for the state-owned OK 529 account, and were not offered any SEED OK fi nancial incentives. However, they could open their own “participant-owned” OK 529 accounts, just as any nonstudy participant can (Zager et al., 2010). | JULY 2012 | CSD PUBLICATION NO. 12-34 |
Analyses of child birth record data demonstrate that the child and parental characteristics of tr... more Analyses of child birth record data demonstrate that the child and parental characteristics of treatment and control group participants were not statistically different.3 Table 1 presents descriptive findings of the two groups regarding child’s race/ethnicity, child’s gender, mother’s marital status and education, age of mother and father, and child birth weight as reported in the 2007 birth registry (Table 1).
This study examines the effects of welfare, Food Stamp, and Individual Development Account rules ... more This study examines the effects of welfare, Food Stamp, and Individual Development Account rules on low-education families’ asset holding, using family-level data from the Survey of Income and Program Participation covering 1991–2003 and state-level data from various sources. Fixed-effect regression models estimate the relationship between state program rules and liquid assets, vehicle assets, and net worth. The results suggest that more lenient asset limits in means-tested programs and more generous IDA rules may have positive effects on asset holdings among low-education families.
Uploads
Papers by Yunju Nam