Investors Profit From Former Offenders’ Good Behavior in UK Model of “Social Impact” Investment Bonds
Author: Roslyn Myers, J.D..
Source: Volume 15, Number 02, February/March 2014 , pp.25-26(2)
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Abstract:
A new scheme in the UK, social impact bonding, might prove to be a useful tool for the on-going monitoring of released sex offenders. While the results of the programs require further empirical testing, early measures of the SIB model have shown success at reducing recidivism in a two-site pilot program in the UK. With U.S. governments searching for ways to lower costs related to housing, treating, and/or monitoring various types of offenders, the SIB’s innovative funding formula offers some possible answers to the financial needs of long-term supervision programs, such as those now mandated for sex offenders.Keywords: Social impact bonds
Affiliations:
1: John Jay College and Fordham Law School.