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Investing for "Impact" or Investing for Profit? Social Impact Bonds, Pay for Success, and the Next Wave of Privatization of Social Services and Education
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Carnoy, Martin; Marachi, Roxana – National Education Policy Center, 2020
A major new financial phenomenon has appeared within the social services arena, with corresponding legislation poised to change how social services are delivered and who delivers them. While different programs use different terms--including, for example, Pay for Success (PFS) or Results-Based Financing (RBF)--the umbrella term encompassing all…
Descriptors: Social Services, Privatization, Financial Support, Investment