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OECD Local Economic and Employment Development (LEED) Papers

The OECD Local Economic and Employment Development (LEED) Programme Papers present innovative ideas and practical examples on how to boost local development and job creation. A wide range of topics are addressed, such as employment and skills; entrepreneurship; the social economy and social innovation; culture; and local capacity building, among others. The series highlights in particular policies to support disadvantaged places and people, such as the low skilled, the unemployed, migrants, youth and seniors.

English, French

Understanding social impacts bonds

Social Impact Bonds (SIBs) are spreading around the world and have been gathering increasingly the attention of governments and public authorities, investors, social services providers, researchers, and evaluators among others over the last years. At the same time, they have triggered debates -often controversial- around issues such as the delivery of social services and the quest for efficiency in doing so, the risk transfer from the public to private sector and what this entails for social services providers, the capacity to monitor and evaluate better outcomes, and the increasingly prevalent need to invest in preventative interventions with high returns in the long run. SIBs tend to have strong proponents or strong opponents. Common ground among all, however, was the need for more evidence in order to assess their potential in an informed way.

English

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