| Payment by Results and Social Impact Bonds: Outcome-Based Payment Systems in the UK and Us Contributor(s): Albertson, Kevin (Author), Fox, Chris (Author), O'Leary, Chris (Author) |
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ISBN: 1447340701 ISBN-13: 9781447340706 Publisher: Policy Press OUR PRICE: $50.30 Product Type: Hardcover - Other Formats Published: March 2018 |
| Additional Information |
| BISAC Categories: - Political Science | Public Policy - Social Services & Welfare - Political Science | Comparative Politics - Business & Economics | Economics - General |
| Physical Information: 0.5" H x 5.1" W x 7.9" (0.55 lbs) 144 pages |
| Themes: - Cultural Region - British Isles |
| Descriptions, Reviews, Etc. |
| Publisher Description: As 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 proponents of social (or impact) investing. But how effective are these approaches? This short book asks whether the Payment by Results model is an efficient way to unlock new capital investment, help new providers to enter the 'market' and foster innovation, or whether the extension of 'neoliberal' thinking, complexity and the effects of managerialism undermine the effective delivery of social outcomes. Synthesising lessons from the UK and US for the first time, the book draws on published work in both countries together with insights from the authors' own research and consultancy experience to offer a balanced and bipartisan overview of a field where the evidence has been weak and there are strong ideological agendas in play. |
Contributor Bio(s): Albertson, Kevin: - Kevin Albertson is a reader in economics at Manchester Metropolitan University.Fox, Chris: - Chris Fox is the director of the Policy Evaluation and Research Unit at Manchester Metropolitan University.Painter, Gary: - Gary Painter is the director of social policy at the University of Southern California.Choi, Jung Hyun: - Jung Hyung Choi is a postdoctoral researcher at the Center for Social Innovation at the USC Price School of Public Policy.Labarbera, Jessica: - Jessica LaBarbera is vice president for strategic innovation at the Nonprofit Finance Fund.O'Leary, Chris: - Chris O'Leary is a senior lecturer at Manchester Metropolitan University. |