Pay for Success Is Quietly Undergoing a Radical Simplification

Recent changes to rules that dictate the permissible use of large social spending streams are ushering in a radical simplification of pay for success (PFS). These changes greatly reduce the amount of political effort required to secure PFS-enabled sources of spending for any given project; they make...

Full description

Saved in:
Bibliographic Details
Published in:The Annals of the American Academy of Political and Social Science 2018-07, Vol.678 (1), p.103-110
Main Author: OVERHOLSER, GEORGE M.
Format: Article
Language:English
Subjects:
Bonds
Expenditures
Financing
Major Elements of the Evidence-Based Movement
Policy making
Simplification
Social impact
Social policy
Work organization
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Recent changes to rules that dictate the permissible use of large social spending streams are ushering in a radical simplification of pay for success (PFS). These changes greatly reduce the amount of political effort required to secure PFS-enabled sources of spending for any given project; they make it easier to avoid the complexity of social impact bond financing arrangements; and they lead to PFS structures that work systemically across many providers at once, rather than with just one or two at a time.
ISSN:0002-7162
1552-3349
DOI:10.1177/0002716218769036