Social Impact Bonds: A New Way to Fund Preventative Investments

Posted by University of Pennsylvania on October 12, 2015

Social Impact Bonds: A New Way to Fund Preventative Investments

Social Impact Bonds (SIBs), also referred to as Pay-for-Success (PFS) contracts, are a new financing mechanism to raise upfront funding from private investors for social and public health preventative interventions. They function by leveraging the anticipated savings of prevention as a source for potential financial rewards for the intervention’s investors. SIBs are growing rapidly in the U.S. and have the potential to improve results, overcome barriers to social innovation, and encourage investment in cost-saving preventive services.

When: Monday, November 9, 2015
3:30 pm – 5:00 pm

Where: University of Pennsylvania, Steinberg Hall -Dietrich Hall, Room 351
3620 Locust Walk

Refreshments provided

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Jeffrey Liebman is the Malcolm Wiener Professor of Public Policy at the Harvard Kennedy School where he teaches courses in social policy, public sector economics, and American economic policy. In his research, he studies tax and budget policy, social insurance, poverty, and income inequality. During the first two years of the Obama Administration, Liebman served at OMB, first as Executive Associate Director and Chief Economist and then as Acting Deputy Director. From 1998 to 1999, Liebman served as Special Assistant to the President for economic policy and coordinated the Clinton Administration’s Social Security reform technical working group. For the past four years, his Government Performance Lab has been providing pro bono assistance to state and local governments interested in implementing pay for success contracts using social impact bonds, as well as in other government performance  improvement strategies.