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Pay for Success Is Quietly Undergoing a Radical Simplification

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  • George M. Overholser

Abstract

Recent changes to rules that dictate the permissible use of large social spending streams are ushering in a radical simplification of pay for success (PFS). These changes greatly reduce the amount of political effort required to secure PFS-enabled sources of spending for any given project; they make it easier to avoid the complexity of social impact bond financing arrangements; and they lead to PFS structures that work systemically across many providers at once, rather than with just one or two at a time.

Suggested Citation

  • George M. Overholser, 2018. "Pay for Success Is Quietly Undergoing a Radical Simplification," The ANNALS of the American Academy of Political and Social Science, , vol. 678(1), pages 103-110, July.
    • Handle: RePEc:sae:anname:v:678:y:2018:i:1:p:103-110
    DOI: 10.1177/0002716218769036
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    Cited by:

    1. Senator Todd Young, 2018. "Generating and Using Evidence Will Help to Reduce Social Problems," The ANNALS of the American Academy of Political and Social Science, , vol. 678(1), pages 194-198, July.

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