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Payment by Results and Social Impact Bonds: Outcome-Based Payment Systems in the UK and US - Hardcover
Synopsis
As austerity measures have led to greater struggles over limited governmental funding, there has in recent years been increasing interest in Payment by Results, or Payment for Success, as a model for commissioning social services. A Social Impact Bond, or Pay for Success Bond, is a type of social service contract where the financing is provided by private entities, with the idea that this will unlock new capital investment and advance social good by limiting funding to projects that are needed and likely to succeed. This book looks at that assumption and evaluates the relatively limited current research on the effectiveness of the approach, making the case that more study is needed if investment of this sort is going to continue to grow.
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About the Author
Kevin Albertson is a reader in economics at Manchester Metropolitan University. Chris Fox is the director of the Policy Evaluation and Research Unit at Manchester Metropolitan University. Jung Hyung Choi is a postdoctoral researcher at the Center for Social Innovation at the USC Price School of Public Policy. Jessica LaBarbera is vice president for strategic innovation at the Nonprofit Finance Fund. Chris O'Leary is a senior lecturer at Manchester Metropolitan University. Gary Painter is the director of social policy at the University of Southern California.
Review
"This book represents both a timely and accessible stocktake of the bubble surrounding Payment by Results and Social Impact Bonds. This group of researchers, who are closely involved with the issues at hand, offer significant insight into the current situation, including limitations and potential future directions of these approaches." Professor Rob Wilson, Newcastle University, UK
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- PublisherPolicy Press
- Publication date2018
- ISBN 10 1447340701
- ISBN 13 9781447340706
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages144
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Payment by Results and Social Impact Bonds: Outcome-Based Payment Systems in the UK and Us
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Condition: New. KlappentextAs public services budgets are cut, the Payment by Results (or Pay for Success) model has become a popular choice in public sector commissioning. Social Impact Bonds are a variant of Payment by Results also promoted by propo. Seller Inventory # 595874338
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