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A new approach to promote economic independence among at-risk children: Child Development Accounts (CDAs) in Korea

Author

Listed:
  • Nam, Yunju
  • Han, Chang-Keun

Abstract

This case study investigates the adoption and implementation of Child Development Accounts (CDAs) in South Korea, using information collected from in-depth interviews and existing documents. The design of the program, an asset-building program for children in the child welfare system, reflects unique needs and conditions of the target population and promotes strong collaboration among governmental and private entities. Issue framing emerges as an important strategy for the CDA policy's adoption. Institutional and organizational factors, such as sponsorship and well-developed collaboration among multiple partners, may explain the successful implementation of the program.

Suggested Citation

  • Nam, Yunju & Han, Chang-Keun, 2010. "A new approach to promote economic independence among at-risk children: Child Development Accounts (CDAs) in Korea," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1548-1554, November.
    • Handle: RePEc:eee:cysrev:v:32:y:2010:i:11:p:1548-1554
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    References listed on IDEAS

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    1. Pecora, Peter J. & Kessler, Ronald C. & O'Brien, Kirk & White, Catherine Roller & Williams, Jason & Hiripi, Eva & English, Diana & White, James & Herrick, Mary Anne, 2006. "Educational and employment outcomes of adults formerly placed in foster care: Results from the Northwest Foster Care Alumni Study," Children and Youth Services Review, Elsevier, vol. 28(12), pages 1459-1481, December.
    2. Yong Soo Park, 2008. "Revisiting the welfare state system in the Republic of Korea," International Social Security Review, John Wiley & Sons, vol. 61(2), pages 3-19, April.
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    1. Azmat, Hayat, 2010. "Schlock economics," MPRA Paper 31238, University Library of Munich, Germany, revised 01 Jun 2011.
    2. Jin Huang & Yunju Nam & Michael Sherraden & Margaret Clancy, 2015. "Financial Capability and Asset Accumulation for Children's Education: Evidence from an Experiment of Child Development Accounts," Journal of Consumer Affairs, Wiley Blackwell, vol. 49(1), pages 127-155, March.
    3. Jang Dong-Ho & Nam Yunju & Woo Ami & Seo KwangGuk, 2024. "Can Individual Development Accounts Promote Saving Among Low-Income Individuals? Evidence From Self-Sufficiency Program Participants in South Korea," International Review of Financial Consumers, Sciendo, vol. 9(1), pages 1-14.
    4. Adams, Deborah & Nam, Yunju & Williams Shanks, Trina R. & Hicks, Sarah & Robinson, Christine, 2010. "Research on assets for children and youth: Reflections on the past and prospects for the future," Children and Youth Services Review, Elsevier, vol. 32(11), pages 1617-1621, November.
    5. Ismayilova, Leyla & Ssewamala, Fred & Huseynli, Aytakin, 2014. "Reforming child institutional care in the Post-Soviet bloc: The potential role of family-based empowerment strategies," Children and Youth Services Review, Elsevier, vol. 47(P2), pages 136-148.

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