The director of the Brown School’s Center for Social Development, Sherraden is a leader in asset building and community development research. He has received widespread recognition for his impact on public policy and is the creator of the Individual Development Accounts (IDAs), a matched savings program designed to help working poor people save money and accumulate assets. IDAs have been adopted in federal legislation and in more than 40 states. Sherraden’s work on assets has also influenced policy development in the United Kingdom, Taiwan, Canada and other countries around the world. He is also engaged in research and policy on civic engagement and productive aging.
As economists float the proposal to give every U.S. newborn a “baby bond” account, Michael Sherraden, professor at the Brown School, says a solution already exists — Child Development Accounts, a policy concept first proposed in his groundbreaking 1991 book, “Assets and the Poor.”
The mayor of New York has announced a new child savings account to help thousands of New York City public school children save for college. City officials relied on research from the Center for Social Development at the Brown School to develop the three-year pilot program, which starts next fall.
Israel’s parliament has passed a law funding long-term savings accounts for all newborns, based on a proposal developed by Michal Grinstein-Weiss, PhD, professor at the Brown School at Washington University in St. Louis and associate director of the Center for Social Development (CSD), and on research efforts led by Michael Sherraden, PhD, the George Warren Brown Distinguished University Professor and director of CSD.
Three beloved longtime Brown School faculty — representing 102 years of scholarship, research and collaboration — were elevated to new positions within the faculty April 2 during an installation ceremony in Brown Lounge.
On March 6, the state of Maine became the first in the United States to make college savings for newborns universal and automatic, putting into practice research pioneered by Michael Sherraden, PhD, the George Warren Brown Distinguished University Professor and director ofthe Brown School’s Center for Social Development at Washington University in St. Louis.