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Social Impact Bonds
A promising new nancing model to accelerate socialinnovation and improve government perormance
Jerey B. Liebman February 2011
 
Social Impact Bonds
A promising new nancing model to accelerate socialinnovation and improve government perormance
Jerey B. Liebman February 2011
CAP’s Doing What Works project promotes government reorm to efciently allocate scarce resources andachieve greater results or the American people. This project specically has three key objectives:
•
Eliminating or redesigning misguided spending programs and tax expenditures, ocused on priority areassuch as health care, energy, and education
•
Boosting government productivity by streamlining management and strengthening operations in the areaso human resources, inormation technology, and procurement
•
Building a oundation or smarter decision-making by enhancing transparency and perormancemeasurement and evaluationThis paper is one in a series o reports examining government accountability and efciency.
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