Issue Brief Pay for Success can be a valuable new tool to fund public programs and achieve outcomes that benefit individuals and society overall, but how should governments price outcomes?
This summer New York City and Massachusetts helped make possible the notion that governments can pay only for successful outcomes in some social programs, by using social impact bonds to finance them.
Jitinder Kohli weighs in on the potential of a recent Office of Management and Budget memorandum to spur agencies to focus on evidence and research in budgeting decisions.
Jitinder Kohli, Douglas J. Besharov, and Kristina Costa explain the buzz about Social Impact Bonds.
Issue Brief Jitinder Kohli, Douglas J. Besharov, and Kristina Costa lay out examples of what should—and should not—be included in a SIB agreement.
Jitinder Kohli, Douglas J. Besharov, and Kristina Costa address the essential elements of Social Impact Bond contracts.
Jitinder Kohli, Douglas J. Besharov, and Kristina Costa explain how government should make contractor decisions in a SIB agreement.
Jitinder Kohli, Doug Besharov, and Kristina Costa lay out the facts behind this new way of financing.
Social Impact Bonds are an innovative new financing tool for social programs that allow government to focus on approaches that work—without paying a dime for unsuccessful programs, write Jitinder Kohli, Douglas J. Besharov, and Kristina Costa.
Jitinder Kohli examines how public-sector organizations should go about building an innovation culture to tackle pressing social issues.
Jitinder Kohli explains why it’s important to review the Obama administration’s goal-setting agenda in its forthcoming federal budget proposal.
Jitinder Kohli outlines the importance of government agencies focusing resources on programs that work, not ones like this criminal-justice program run amok.
Jitinder Kohli and Douglas J. Besharov describe recent progress in Washington, D.C., Massachusetts, and New York City toward adopting pay-for-success bonds.
Jitinder Kohli explains why both the public and private sectors need to innovate, and discusses the challenges that face government agencies attempting to do just that.