Social impact bonds: a new tool for governance of social programs - evidence from the UK, USA and Australia

Q3 Social Sciences

International Journal of Public Policy Pub Date : 2016-10-17 DOI:10.1504/IJPP.2016.10000552

Tamara Dimitrijevska-Markoski

引用次数: 3

Abstract

This study explores the ways in which social impact bonds (SIBs) are utilised to deliver social services in the area of criminal justice across the UK, the USA and Australia. The paper defines SIBs, explains their structure, and briefly discusses their advantages and disadvantages. Later, the three examples where SIBs are used for reducing recidivism are compared and contrasted. Even though the effectiveness of the implemented projects has not been confirmed, the paper identifies challenges for SIBs' effectiveness, efficiency, equity and manageability that need to be considered when designing a SIB.

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社会影响债券:社会项目治理的新工具——来自英国、美国和澳大利亚的证据

本研究探讨了社会影响债券(sib)在英国、美国和澳大利亚的刑事司法领域用于提供社会服务的方式。本文定义了sib，解释了它们的结构，并简要讨论了它们的优缺点。随后，对使用sib减少再犯的三个例子进行了比较和对比。尽管实施项目的有效性尚未得到确认，但本文确定了在设计SIB时需要考虑的SIB的有效性、效率、公平性和可管理性方面的挑战。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Public Policy Social Sciences-Political Science and International Relations

CiteScore

0.40

自引率

0.00%

发文量

期刊介绍： The IJPP proposes and fosters discussion on public policy issues facing nation states and national and supranational organisations, including governments, and how these diverse groups approach and solve common public policy problems. The emphasis will be on governance, accountability, the creation of wealth and wellbeing, and the implications policy choices have on nation states and their citizens. This perspective acknowledges that public policy choice and execution is complex and has ramifications on the welfare of citizens; and that, despite national differences, the actions of nation states are constrained by policies determined by supranational bodies, some of which are not directly accountable to any international body.