Saving Patterns in Individual Development Account Programs
Author | : |
Publisher | : |
Total Pages | : 166 |
Release | : 2000 |
Genre | : Economic assistance, Domestic |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 166 |
Release | : 2000 |
Genre | : Economic assistance, Domestic |
ISBN | : |
Author | : Michael Sherraden |
Publisher | : Routledge |
Total Pages | : 388 |
Release | : 2017-09-08 |
Genre | : Business & Economics |
ISBN | : 1351530224 |
Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. This book explores IDAs to determine their effectiveness. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? This volume is the first analysis of matched savings by the poor to use data from monthly bank statements. It comes at a critical time, as debate rages over the merits of individual social security accounts. IDAs also respond to policy that is becoming more asset based and less inclusive of the poor. The authors argue for the efficacy of IDAs to counter this tendency. They find that while savings outcomes vary among participants, no characteristics (such as low income or public assistance) preclude saving. They examine effects of IDA design (the match rate, savings targets, and the use of automatic transfer) on savings results and analyze factors that influence varying rates of saving and spending over time. They conclude that financial education and other support services, though costly, improve savings performance. To address the issue of cost they suggest a two-tier system of IDA design, one with broad access and simple services and the other with targeted access and intensive services. Can the Poor Save? offers a wealth of lessons to those interested in saving and asset accumulation among the poor. It not only breaks new ground in the scientific study of savings behavior, but also offers concrete, evidence-based recommendations to improve policies designed to encourage the poor to save and how to make such policies more inclusive.
Author | : Andrea Marie Olson |
Publisher | : |
Total Pages | : 72 |
Release | : 2011 |
Genre | : Poor |
ISBN | : |
This author reviews and predicts the challenges ahead for the individual development account program of the North Dakota Community Action Partnership (NDCAP). NDCAP is an organization that serves low income people teaching financial literacy, planning, and savings. Individual Development Accounts (IDAs) are special savings accounts designed to help families and individuals of modest means to establish a pattern of regular saving for an asset such as a first home, post-secondary education, or a small business.
Author | : Michael Sherraden |
Publisher | : Aldine De Gruyter |
Total Pages | : 208 |
Release | : 2004-01-01 |
Genre | : Business & Economics |
ISBN | : 9780202307374 |
Many policymakers argue that the best poverty policy not only provides cash to the poor for subsistence but also incentives and structures that encourage long-term social and economic improvement. As part of this, they make the case for Individual Development Accounts (IDAs), a new policy proposal designed to help the poor save and to build assets. IDAs are matched savings accounts targeted on low-income, low-wealth individuals. Savings in IDAs are used for home ownership, post-secondary education, small business development, and other purposes. Do IDAs work? If they do, for whom? And does how an IDA is designed determine savings outcomes? Can the Poor Save? explores questions such as these concerning IDAs to determine their effectiveness.
Author | : Sara Jo Wackler DeMay |
Publisher | : |
Total Pages | : 208 |
Release | : 2008 |
Genre | : Saving and investment |
ISBN | : |
Abstract: The main objective of this study is to identify the major variables that determine the rate of saving and Individual Development Account (IDA) program participation among low-income individuals across rural and urban locations in Ohio. Economic theory predicts that as household income increases, the amount saved should increase. Empirical evidence from previous studies of poor households, however, does not always support this theory. Therefore, for this study, two models are constructed that integrate elements from three theories of saving, namely economic, institutional, and psychological.
Author | : United States. Congress. House. Committee on Appropriations. Subcommittee on the Departments of Labor, Health and Human Services, Education, and Related Agencies |
Publisher | : |
Total Pages | : 1648 |
Release | : 2000 |
Genre | : United States |
ISBN | : |
Author | : Michael J Austin |
Publisher | : Routledge |
Total Pages | : 450 |
Release | : 2013-10-18 |
Genre | : Medical |
ISBN | : 1135426309 |
Contains field-tested techniques to enhance the effectiveness of your local social services! Changing Welfare Services: Case Studies of Local Welfare Reform Programs describes promising programs and practices that have emerged in the United States since the enactment of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. Using case studies, this reference provides important lessons that will help social service directors and staff to develop strategies that will improve local welfare-to-work services. This casebook focuses on the agencies rather than the welfare population, emphasizing the guiding values of these agencies and the lessons they learned. Changing Welfare Services explores new approaches to service delivery, with emphasis on removing barriers to work force participation and promoting self-sufficiency through support services. The case studies involve programs focused on working with the community by developing partnerships with local organizations to provide better services. This text emphasizes the organizational changes—such as the development of new training programs, merging employment and social service agencies, and restructuring agency programs to foster collaboration between child welfare services and welfare-to-work programs—that were successful strategies used to implement welfare reform. In Changing Welfare Services, you will learn about: the Connections Shuttle and the Guaranteed Ride Home Program—transportation services for welfare-to-work participants the Exempt Provider Training Program— trains Temporary Assistance to Needy Families (TANF) participants and others to launch and improve their own high-quality child care businesses co-location of support services—situating mental health and substance abuse services near the social services agency so TANF participants can make a single visit for all necessary services the Family Loan Program—helps low-income families deal with large or unexpected one-time expenses the JobKeeper Hotline—provides round-the-clock counseling, crisis intervention, and referral services to help participants stay employed and much more! Changing Welfare Services shows how these agencies discovered new ways to serve the needs of low-income residents and offers you a variety of inventive techniques for improving your own agency’s support for welfare recipients. Enhanced with tables, figures, and appendixes, this practitioner-oriented casebook is a much-needed complement to the many quantitative studies of the welfare population. This book is a valuable resource for state and local human service administrators and staff, policymakers, and university faculty and students of public policy.
Author | : United States. Congress. House. Committee on Ways and Means. Subcommittee on Human Resources |
Publisher | : |
Total Pages | : 216 |
Release | : 2001 |
Genre | : Law |
ISBN | : |
Author | : Michael Tanner |
Publisher | : Cato Institute |
Total Pages | : 412 |
Release | : 2004 |
Genre | : Political Science |
ISBN | : 9781930865556 |
Tanner (Cato Project on Social Security Choice) brings together work by leaders in Social Security reform, examining problems of the current system and offering proposals for reform. Contributors in economics, law, and philosophy, many affiliated with the Cato Institute, examine aspects of the problem related to issues such as property rights, the impact of Social Security reform on low-income workers, and how stock market declines affect the reform debate. They advocate allowing younger workers to privately invest their Social Security taxes through individual accounts.