Name: Professor Michael Sherraden

Bio: Director of the Center for Social Development at Washington University and author of Assets and the Poor: A New American Welfare Policy, 1991

Topic to be announced – 1st September 2005

Assets, Poverty and Public Policy

This speech was printed in Sydney Papers Vol.17 No.3-4 in 2005 (pages 169-176)

Michael Sherraden is the Director of the Center for Social Development (CSD) at Washington University. In 1991, Professor Michael Sherraden authored Assets and the Poor: A new American Welfare Policy, which proposed matched savings fro the poor on Individual Development Accounts (IDAs). He points out that asset-based policy is expanding in many countries, but typically it does not incluide the poor. This reseach was influential in the design of the Universal Savings Accounts (USAs), a 1999 proposal by President Clinton that would enable all working people to build assets. Professor Sherraden addressed The Sydney Institute on Thursday 1 September 2005. He was introduced by Patricia Toohey from the ANZ Bank, sponsor of Michael Sherraden’s lecture visit to Australia.