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News and Announcements from CSD
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Global Savings, Assets and Financial Inclusion: Reception to Release New Report The Global Assets Project and the Citi Foundation invite you to attend a reception on Wednesday, July 30 2008 to celebrate the launch of their new report: "Global Savings, Assets and Financial Inclusion: Lessons, Challenges and Opportunities."
This report highlights insights and findings from the 2007 Global Symposium on Savings, Assets and Financial Inclusion, addressing emerging global trends, opportunities and collaborations across the fields of asset building, microfinance, policy and financial education. RSVP at: http://www.newamerica.net/events/2008/global_savings_assets_and_financial_inclusion
CSD and the Oklahoma State Treasurer Announce SEED for Oklahoma
Kids Experiment The Center for Social Development, in partnership with the Oklahoma State Treasurer, announced the launch of the SEED for Oklahoma Kids (SEED OK), a seven-year research experiment. Approximately 2,700 parents of infants from a random sample of Oklahoma birth records will be interviewed by RTI International over the course of the study. The study includes oversamples of American Indians, African Americans, and Latinos. Half of the sample received a deposit of $1,000 into an Oklahoma College Savings Plan 529 account for their child. At the same time, the rest of the sample will not receive a SEED OK account, and all will be followed as the children grow up. SEED OK is among the most important policy tests in the United States to study impacts on saving for college, family attitudes and behaviors, and outcomes for children. Web cast http://hartlandproductions.com/content/view/19/
CSD's Amanda Moore McBride Featured in the Record Amanda Moore McBride, assistant professor and research director of CSD, discusses her focus on inclusion and civic engagement.
Exciting New Data on EITC Uptake in Indian Country During the 2005 and 2006 tax seasons fourteen Native community Volunteer Income Tax Preparation (VITA) sites worked in cooperation with the Buder Center for American Indian Studies and the Center for Social Development to examine how Earned Income Tax Credit (EITC) benefits Native communities. Presentation http://gwbweb.wustl.edu/csd/about/EITC_survey_presentation.pdf
Hurricane Survivors use IDAs to Rebuild An article in New Orleans' Gambit Weekly explores how survivors of Hurricanes Katrina and Rita are using IDAs to rebuild and change their lives. The article focuses on Louisiana's IDA program run through the Department of Social Services and Southern University in Baton Rouge.
Civic Service International Fellows Conference
SRDC Report on learn$ave A new report released by the Social Research and Demonstration Corporation (SRDC) presents the 18-month results of learn$ave, a project designed to demonstrate how matched saving credits can encourage low-income adults to save in order to increase their human capital by participating in education or training, or starting a small business.
Civic Service Worldwide: New Edited Collection on Community, National, and International Service Civic Service Worldwide: Impacts and Inquiry is now available through M.E. Sharpe and other booksellers. Edited by Amanda Moore McBride and Michael Sherraden, Civic Service Worldwide includes the latest studies and policy developments in community, national, and international service. In many countries around the world, formal civic service in non-military activities is emerging as a new institution. The book, forging comparative knowledge on various types of civic service, makes important contributions to a growing knowledge base.
Global Assests Project Announcements for Asia Government and academic leaders in China, Hong Kong, and Korea are discussing and developing asset building programs and Child Development Accounts (CDAs).
The Chinese central government is currently studying and developing asset-building policies. A government-endorsed asset-building demonstration program is underway in China’s western Xin Jiang region. CSD is collaborating with the Chinese Academy of Social Sciences (CASS) to study this pilot study and inform policy development.
CSD is pleased to report a major development in asset-based policy in Hong Kong. Michael Sherraden and Li Zou of CSD joined Hong Kong Government’s Commission on Poverty and Hong Kong’s Financial Secretary, Mr. Henry Tang, on November 10, 2006, at a conference to consider a proposal for CDAs as a tool to “prevent intergenerational poverty.”
The government of Korea is exploring asset building as a potential new social policy direction. Two asset-based proposals are underway. CDAs are to begin in 2007. The goals of the proposed CDAs are to reduce intergenerational transmission of poverty and to boost the national economy through intensive investment in development opportunities for younger generations. A three-year Individual Development Account (IDA) demonstration program for low-income families is under consideration by the Seoul City Government, which views this as a promising approach to poverty alleviation.
Can the Poor Save?: New Book on IDAs Mark Schreiner and Michael Sherraden’s new book, Can the Poor Save? Savings and Asset Building in Individual Development Accounts, is available through Transaction Publishers and other booksellers. Using data from monthly bank statements, Schreiner and Sherraden explore IDAs to determine their effectiveness and suggest changes in IDA design. Can the Poor Save breaks new ground in the scientific study of savings behavior and offers concrete, evidence-based recommendations for policies to encourage saving and to make such policies more inclusive.
Korea proposes Child Development Accounts On August 22, 2006, the Korean Ministry of Health and Welfare announced a proposal to implement Child Development Accounts(CDAs). The Ministry plans to establish CDAs for approximately 50% of all Korean newborns by 2010.
Nancy Morrow-Howell, Ph.D., appointed to the Civic Engagement Panel Nancy Morrow-Howell, Ph.D. has been invited by the National Academy on an Aging Society to serve with other experts on a panel to oversee the Society's “Civic Engagement in an Older America” initiative. To collect their insights on initiatives to promote civic engagement opportunities for older adults, each edition of the Society's monthly e-newsletter will feature one of the expert's responses to three questions. Nancy Morrow-Howell's answers to these three questions are featured in the July 2006 e-newsletter.
This e-newsletter features Nancy Morrow-Howell, the Ralph and Muriel Pumphrey Professor of Social Work at Washington University in St. Louis, Missouri. She is a leading expert in the areas of productive engagement, aging, and health.
CFED and CSD will sponsor the 2006 Assets Learning Conference in Phoenix, Arizona in September. Join the Center for Social Development and CFED for the 2006 Assets Learning Conference, taking place September 19-21 in Phoenix, Arizona. The conference will cover a range of topics from mobilizing for advocacy, to leveraging the tax credit as an asset-building tool, and uncovering the latest strategies in reaching unbanked communities.
CSD and New America Foundation launch Global Assets Project The Global Assets Project will initiate and strengthen savings and asset ownership opportunities among the poor in developing and developed nations through innovative research, demonstration projects, policy networks, and targeted opinion and media outreach.
Michael Sherraden is Featured in the June 2006 CGAP Savings Information Resource Center's (SIRC) "Ask the Experts" Column Every month the Saving Information Resource Center (SIRC) features answers to commonly asked questions on savings mobilization. June 2006 features Michael Sherraden, Director of the Center for Social Development (CSD) at the Washington University in St. Louis. Sherraden shares his thoughts about the benefits of asset-building policies and programs, such as universal savings accounts for social protection and development.
Inclusive Asset-Based Policy in China: Demonstration Program and Policy Progress A government-endorsed asset-building demonstration program is now underway in China’s western Xin Jiang region. The Center for Social Development (CSD) is collaborating with the Chinese Academy of Social Sciences (CASS) to document this pilot study and guide its expansion.
Michael Sherraden Receives Faculty Achievement Award Michael W. Sherraden, Ph.D., the Benjamin E. Youngdahl Professor of Social Development, has received the Arthur Holly Compton Faculty Achievement Award. Sherraden is founder and director of the School of Social Work's Center for Social Development (CSD) and is known for his pioneering work on asset building for low-income people. In addition to his asset-building research, Sherraden's scholarship also focuses on civic service and productive aging.
Amanda Moore McBride, Ph.D., New Gephardt Institute Director Professor Amanda Moore McBride will be the next Director of the Richard A. Gephardt Institute for Public Service at Washington University. The Gephardt Institute was established to raise awareness of the value and importance of public service, including civic engagement and political participation.
China Pilot Study Update CSD's China pilot study(in Hutubi, Xinjiang) was broadcast internationally by China Radio International on April 17, 2006 as a segment in the series, “Window to China.” This program features the Hutubi project as an innovative solution to investing in rural peasants’ long-term well being, and includes an interview of Prof. Sherraden, Director of CSD (with a Chinese voice over!).
The program is available online at http://gb.chinabroadcast.cn/1321/2006/04/17/661@1003979.htm There is a paragraph of transcript above a beautiful picture of Hutubi, click on the four words ("online listening") right above this paragraph. Broadcast http://gb.chinabroadcast.cn/1321/2006/04/17/661@1003979.htm
Wealth Building in Rural America: Three Summary Reports The Wealth Building in Rural America project is an update and reformulation of Jefferson’s vision in the early years including the central role of people of color and diverse populations, historically and today. The purpose of this project is to assess and advance the state of knowledge, policy, practice, and research regarding wealth building in rural America.
CSD Graduate Student, Clare Masson, Wins First Place at 11th Annual Graduate Student Symposium Clare Masson, AssetsAfrica Research Assistant, placed first in the 11th Annual Graduate Student Research Symposium on April 1, 2006. The Symposium provides Washington University graduate students with the opportunity to present their work, in poster format, to an audience with diverse academic backgrounds. Each poster presentation is separated into the appropriate category, professional school, social science, engineering, science or humanities, and scored by two teams of judges. Masson's work took first prize among presentations from the professional schools. Her poster was entitled "AssetsAfrica: Initial findings from the Ugandan pilot project." The research project, known as AssetsAfrica, is led by Ph.D. student Gina Chowa.
Michael Sherraden in St. Louis Magazine's "Great Minds" Article Michael Sherraden, Director of the Center for Social Development, was profiled in the December 2005 issue of St. Louis Magazine for the article "Great Minds: 10 St. Louisans Who Are Changing Our World." In it, Sherraden states, "Good ideas aren't hard to find. The hard part is implementing them." Sherraden, receiving the magazine's moniker of 'The Lifesaver', has been internationally hailed for his impact on public policy.
U.S. government should help 'make volunteering a natural part of later life,' says productive aging expert News release from the "Maximizing Civic Engagement of Older Adults" public forum held in February, 2005, a 2005 White House Conference on Aging official event. The event was hosted by Washington University's George Warren Brown School of Social Work and the Center for Aging.
Saving in Low-Income Households: Evidence from Interviews with Participants in the American Dream Demonstration CSD announces the publication of findings from in-depth interviews of the American Dream Demonstration
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