Briefs & Summaries Financial Inclusion Global Asset Building

Socioeconomic Status and Early Savings Outcomes: Evidence From a Statewide Child Development Account Experiment

SEED for Oklahoma Kids (SEED OK) is a policy experiment. The overall purpose is to test a universal and progressive policy of lifelong asset building beginning at birth. The goal of this research is to examine early SEED OK savings outcomes for different socioeconomic subgroups. In particular, we ask whether early SEED OK outcomes vary significantly across socioeconomic
subgroups and whether the impacts of SEED OK vary across socioeconomic subgroups.

Citation

Beverly, S. G., Kim, Y., Sherraden, M., Nam, Y., & Clancy, M. (2012, July). Socioeconomic status and early savings outcomes: Evidence from a statewide Child Development Account experiment (CSD Research Brief No. 12-34). St. Louis, MO: Washington University, Center for Social Development.