The Saving for Every Child Program in Israel: an overview of a universal asset-building policy

Michal Grinstein-Weiss; Olga Kondratjeva; Stephen P. Roll; Ofir Pinto; Daniel Gottlieb

doi:10.1080/02185385.2019.1574600

The Saving for Every Child Program in Israel: an overview of a universal asset-building policy

Michal Grinstein-Weiss, Olga Kondratjeva, Stephen P. Roll, Ofir Pinto, Daniel Gottlieb

Research output: Contribution to journal › Article › peer-review

Abstract

In 2017, the Israeli government implemented a universal child development account programme–the Saving for Every Child Program (SECP)–which establishes a personal savings account for every Israeli child and provides monthly deposits until the child turns 18. The SECP has the potential to provide substantial assets when children reach adulthood, but the benefits depend on parents’ investment choices. The unique programme’s nature presents opportunities to learn from its implementation. This paper provides a comprehensive overview of the SECP, its legislative history, early findings from its implementation, and recommendations that may improve programme participation and outcomes across population groups.

Original language	English
Pages (from-to)	20-33
Number of pages	14
Journal	Asia Pacific Journal of Social Work and Development
Volume	29
Issue number	1
DOIs	https://doi.org/10.1080/02185385.2019.1574600
State	Published - 2 Jan 2019
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2019, © 2019 Department of Social Work, National University of Singapore, Singapore.

Keywords

Child development accounts
Israel
asset building
poverty
public policy

ASJC Scopus subject areas

Social Sciences (miscellaneous)
Sociology and Political Science

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1080/02185385.2019.1574600

Cite this

@article{0bd43937cd044a1f8a048dce21ddbfe6,

title = "The Saving for Every Child Program in Israel: an overview of a universal asset-building policy",

abstract = "In 2017, the Israeli government implemented a universal child development account programme–the Saving for Every Child Program (SECP)–which establishes a personal savings account for every Israeli child and provides monthly deposits until the child turns 18. The SECP has the potential to provide substantial assets when children reach adulthood, but the benefits depend on parents{\textquoteright} investment choices. The unique programme{\textquoteright}s nature presents opportunities to learn from its implementation. This paper provides a comprehensive overview of the SECP, its legislative history, early findings from its implementation, and recommendations that may improve programme participation and outcomes across population groups.",

keywords = "Child development accounts, Israel, asset building, poverty, public policy",

author = "Michal Grinstein-Weiss and Olga Kondratjeva and Roll, {Stephen P.} and Ofir Pinto and Daniel Gottlieb",

note = "Publisher Copyright: {\textcopyright} 2019, {\textcopyright} 2019 Department of Social Work, National University of Singapore, Singapore.",

year = "2019",

month = jan,

day = "2",

doi = "10.1080/02185385.2019.1574600",

language = "English",

volume = "29",

pages = "20--33",

journal = "Asia Pacific Journal of Social Work and Development",

issn = "0218-5385",

publisher = "Routledge",

number = "1",

}

TY - JOUR

T1 - The Saving for Every Child Program in Israel

T2 - an overview of a universal asset-building policy

AU - Grinstein-Weiss, Michal

AU - Kondratjeva, Olga

AU - Roll, Stephen P.

AU - Pinto, Ofir

AU - Gottlieb, Daniel

PY - 2019/1/2

Y1 - 2019/1/2

N2 - In 2017, the Israeli government implemented a universal child development account programme–the Saving for Every Child Program (SECP)–which establishes a personal savings account for every Israeli child and provides monthly deposits until the child turns 18. The SECP has the potential to provide substantial assets when children reach adulthood, but the benefits depend on parents’ investment choices. The unique programme’s nature presents opportunities to learn from its implementation. This paper provides a comprehensive overview of the SECP, its legislative history, early findings from its implementation, and recommendations that may improve programme participation and outcomes across population groups.

AB - In 2017, the Israeli government implemented a universal child development account programme–the Saving for Every Child Program (SECP)–which establishes a personal savings account for every Israeli child and provides monthly deposits until the child turns 18. The SECP has the potential to provide substantial assets when children reach adulthood, but the benefits depend on parents’ investment choices. The unique programme’s nature presents opportunities to learn from its implementation. This paper provides a comprehensive overview of the SECP, its legislative history, early findings from its implementation, and recommendations that may improve programme participation and outcomes across population groups.

KW - Child development accounts

KW - Israel

KW - asset building

KW - poverty

KW - public policy

UR - http://www.scopus.com/inward/record.url?scp=85061063260&partnerID=8YFLogxK

U2 - 10.1080/02185385.2019.1574600

DO - 10.1080/02185385.2019.1574600

M3 - Article

AN - SCOPUS:85061063260

SN - 0218-5385

VL - 29

SP - 20

EP - 33

JO - Asia Pacific Journal of Social Work and Development

JF - Asia Pacific Journal of Social Work and Development

IS - 1

ER -

The Saving for Every Child Program in Israel: an overview of a universal asset-building policy

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this