The Feasibility and Future of Social Impact Bonds in the United States

By Beth Bafford

Social Impact Bonds were recently introduced as a new, innovative way to strengthen social service delivery, improve government spending, and develop impact measurement. While there is potential for this structure to be effective, the excitement surrounding this innovation needs to be managed to provide ample space for experimentation and failure. Without setting reasonable expectations, this product will disappear as quickly, and with the same fervor, as it arrived.

Sanford Journal of Public Policy 3(1): 3-19, 2012