Unstable Slope Management Program

INE/AUTC 11.1

Start Lifelong Asset Building With Universal and Progressive Child Development Accounts

This policy action statement was developed by members of the networks engaged in the Grand Challenges to Build Financial Capability and Assets for All and to Reduce Extreme Economic Inequality. The Grand Challenges initiative’s policy action statements present proposals emerging from Social Innovation for America’s Renewal, a policy conference organized by the Center for Social Development at Washington University in collaboration with theAmerican Academy of Social Work & Social Welfare, which is leading the Grand Challenges for Social Work initiative to champion social progress through a national agenda powered by science

Start Lifelong Asset Building With Universal and Progressive Child Development Accounts

This policy action statement was developed by members of the networks engaged in the Grand Challenges to Build Financial Capability and Assets for All and to Reduce Extreme Economic Inequality. The Grand Challenges initiative’s policy action statements present proposals emerging from Social Innovation for America’s Renewal, a policy conference organized by the Center for Social Development at Washington University in collaboration with theAmerican Academy of Social Work & Social Welfare, which is leading the Grand Challenges for Social Work initiative to champion social progress through a national agenda powered by science

Policy Design for Child Development Accounts: Parents\u27 Perceptions

In the SEED for Oklahoma Kids experiment, which features of Child Development Account (CDA) policy do study participants perceive as important for increasing the number of children who earn a college degree or trade school certificate? Which features do participants view as important for encouraging parents to save for their children’s postsecondary education? This brief presents findings from a 2020 survey of parents in the experiment, when their children were about 13 years old. Results are for 1,666 parents (those whose children received the CDA in SEED OK and those whose children did not) and for subgroups defined by household income, mother’s race, and mother’s education. In addition to identifying several policy features deemed important for postsecondary attainment and parental saving, the findings may suggest a path toward a nationwide CDA policy

Resonating Experiences of Self and Others enabled by a Tangible Somaesthetic Design

Digitalization is penetrating every aspect of everyday life including a human's heart beating, which can easily be sensed by wearable sensors and displayed for others to see, feel, and potentially "bodily resonate" with. Previous work in studying human interactions and interaction designs with physiological data, such as a heart's pulse rate, have argued that feeding it back to the users may, for example support users' mindfulness and self-awareness during various everyday activities and ultimately support their wellbeing. Inspired by Somaesthetics as a discipline, which focuses on an appreciation of the living body's role in all our experiences, we designed and explored mobile tangible heart beat displays, which enable rich forms of bodily experiencing oneself and others in social proximity. In this paper, we first report on the design process of tangible heart displays and then present results of a field study with 30 pairs of participants. Participants were asked to use the tangible heart displays during watching movies together and report their experience in three different heart display conditions (i.e., displaying their own heart beat, their partner's heart beat, and watching a movie without a heart display). We found, for example that participants reported significant effects in experiencing sensory immersion when they felt their own heart beats compared to the condition without any heart beat display, and that feeling their partner's heart beats resulted in significant effects on social experience. We refer to resonance theory to discuss the results, highlighting the potential of how ubiquitous technology could utilize physiological data to provide resonance in a modern society facing social acceleration.Comment: 18 page

A Long-Term Experiment on Child Development Accounts: Update and Impacts of SEED for Oklahoma Kids

How does a Child Development Account (CDA), opened for an infant at the time of birth, shape that child’s trajectory as he or she grows? For 12-year-old children and their families, the CDA in SEED for Oklahoma Kids had very large positive impacts on financial outcomes and some positive impacts on nonfinancial outcomes, even though the experiment had little intervention over the past 9 years. This report presents findings from the long-running SEED for Oklahoma Kids experiment, a randomized Child Development Account experiment. Launched in 2007 with a representative sample of newborns, the experiment provided CDAs with substantial initial deposits to children in the treatment group, offering their parents savings incentives and subsidies. The experiment has continued to follow beneficiaries, who are now adolescents. Released in conjunction with a Research Summary on financial outcomes as of December 2019, this report presents results from a 2020 survey of the beneficiaries’ parents and from analyses of account data through 2019. The results continue to reveal the role of CDAs and assets in the lives of families

Testing Universal Child Development Accounts: Financial Impacts in a Large Social Experiment

This study examines financial impacts of Child Development Accounts (CDAs) designed to build assets for every newborn in the treatment group. Data come from the randomized SEED for Oklahoma Kids experiment 7 years after the intervention began. The CDA’s automatic features have large impacts on account holding and asset accumulation for college, and especially so for disadvantaged children. This is an important finding because having designated college savings likely shapes children’s educational expectations, which in turn likely influences their precollege academic behavior and achievement. Moreover, demonstrating full inclusion—that is, accounts and assets for all newborns—sets the stage for more equitable distribution of public resources. The CDA also increases the likelihood that parents themselves save for their children’s future college expenses

The SEED for Oklahoma Kids Child Development Account Experiment: Accounts, Assets, Earnings, and Savings

This brief presents the latest results from SEED for Oklahoma Kids, a pathbreaking randomized experiment to test the effects of automatic, universal, and progressive Child Development Accounts (CDAs) in a statewide sample. Key features of the CDA are automatic opening of a 529 account and an automatic initial $1,000 deposit. The results show that CDAs with automatic deposits invested in a 529 plan may enable children to accumulate meaningful levels of assets over time, even if their families do not contribute to the accounts. As the brief indicates, the new results also have key implications for public policy

Financially Vulnerable Families Reap Multiple Benefits From Child Development Accounts

Financially vulnerable families face numerous challenges that can adversely affect their children’s development. This brief reports on the effects of Child Development Accounts (CDAs), a financial capability intervention, in families receiving Temporary Assistance for Needy Families or Head Start. The results show that CDAs positively shape several financial and nonfinancial outcomes for these families