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

7 Scopus citations

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	Asian Pacific Journal of Social Work
Volume	29
Issue number	1
DOIs	https://doi.org/10.1080/02185385.2019.1574600
State	Published - 2 Jan 2019
Externally published	Yes

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)

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10.1080/02185385.2019.1574600

Cite this

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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.",

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

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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