Michael Sherraden

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This paper examines the relationship between income and saving performance in Individual Development Accounts (IDAs). We first discuss theories of saving. Next, for IDA participants in the American Dream Demonstration, we look at income sources and distribution, followed by tabulations of income and IDA savings outcomes. Following this, we discuss results(More)
IMPORTANCE This study, based on Oklahoma's statewide Child Development Accounts (CDAs) program, presents findings from the first experimental test of the hypothesis that creating lifelong savings accounts for children at birth promotes their long-term well-being. OBJECTIVE To examine the effects of CDAs, an innovative social policy to encourage lifelong(More)
This study examines whether participation in Individual Development Accounts (IDAs) leads to a significant growth in assets beyond saving in the IDA accounts. Using a longitudinal experimental research design for low-income IDA participants, we test for impacts on five measures of assets: liquid assets, other financial assets, total financial assets, real(More)
Recently the Center for Social Development (CSD) published a cost analysis of an individual development account (IDA) program. This study, conducted by Mark Schreiner (2000a), documents the costs associated with the start-up period of an IDA program at the Community Action Program of Tulsa County (CAPTC) in Oklahoma. The CAPTC IDA program is also the site(More)
Acknowledgments We thank the private foundations that fund the American Dream Demonstration (ADD): provided useful comments on a draft. Robert Friedman, founder and chair of the Corporation for Enterprise Development (CFED), conceived and produced ADD. Brian Grossman, René Bryce-Laporte, and other CFED staff have also supported the evaluation of ADD. Karen(More)
This study examines the impact of Child Development Accounts (CDAs)-asset-building accounts created for children at birth-on the depressive symptoms of mothers in a statewide randomized experiment conducted in the United States. The experiment identified the primary caregivers of children born in Oklahoma during 2007, and 2704 of the caregivers completed a(More)
Poverty is associated with negative health outcomes, including depression. Little is known about the specific elements of poverty that contribute to depression, particularly among African American women at risk for type 2 diabetes. This study examined the relationships of economic and social resources to depression among African American women at high risk(More)