Social Impact Bonds 101

_ Government Performance Lab

Vol. 7 No. 1 (2019)
Vol 7 Annual Review of Policy Design

Research Symposium

Social Impact Bonds 101

Published 2019-12-03

_ Government Performance Lab

How to Cite

Government Performance Lab, _. (2019). Social Impact Bonds 101. Annual Review of Policy Design, 7(1), 1–20. Retrieved from https://ojs.unbc.ca/index.php/design/article/view/1773

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Abstract

As of February 2017, 15 Pay for Success (PFS) contracts using social impact bonds (SIBs) have been launched in the U.S. In combination, these projects are scheduled to deliver approximately $130 million in services and serve more than 20,000 individuals. These projects tackle issues in homelessness, criminal recidivism, early childhood education, maternal and infant health, child welfare system reform, and substance abuse treatment.

This policy brief discusses the reasons that governments around the country are testing the Pay for Success approach. It also explains the PFS model, describes PFS projects in the US to date, and presents some of the lessons that have been learned from the initial U.S. PFS projects.

Keywords

Policy Sciences

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