Commission on Evidence-Based Policymaking the Promise of Evidence-Based Policymaking Report of the Commission on Evidence-Based Policymaking

Total Page:16

File Type:pdf, Size:1020Kb

Commission on Evidence-Based Policymaking the Promise of Evidence-Based Policymaking Report of the Commission on Evidence-Based Policymaking THE PROMISE OF EVIDENCE-BASED POLICYMAKING Report of the Commission on Evidence-Based Policymaking The Promise of Evidence-Based Policymaking Report of the Commission on Evidence-Based Policymaking September 2017 The Promise of Evidence-Based Policymaking i COMMISSIONERS KATHARINE G. ABRAHAM SHERRY GLIED ROBERT M. GROVES CHAIR ROBERT HAHN HILARY HOYNES JEFFREY B. LIEBMAN BRUCE D. MEYER RON HASKINS PAUL OHM CO-CHAIR NANCY POTOK KATHLEEN RICE MOSIER Commission on Evidence-Based Policymaking ROBERT J. SHEA LATANYA SWEENEY 4600 SILVER HILL ROAD WASHINGTON, DC 20233 KENNETH R. TROSKE WASHINGTON, DC 20233 KIM R. WALLIN September 7, 2017 The President of the United States The Speaker of the House The President of the Senate Dear Sirs: On behalf of the Commission on Evidence-Based Policymaking, and pursuant to Public Law 114- 140, we are pleased to submit the following report detailing our findings and recommendations. We believe that adoption of the recommendations contained in our report will prove transformational, improving both the privacy protections afforded to the American public and the availability of rigorous evidence to inform policymaking. Over the course of its work, the Commission heard from numerous expert witnesses and members of the public, received extensive written public comment, and fielded a survey of Federal agencies. This fact-finding phase was followed by several months of deliberations. The recommendations contained in the report have been agreed to unanimously by the 15 Members of the Commission. The Commission envisions a future in which rigorous evidence is created efficiently, as a routine part of government operations, and used to construct effective public policy. Advances in technology and statistical methodology, coupled with a modern legal framework and a commitment to trans- parency, make it possible to do this while simultaneously providing stronger protections for the privacy and confidentiality of the people, businesses, and organizations from which the government collects information. We call on the Congress and the President to act to ensure that this vision becomes a reality. Respectfully yours, Katharine G. Abraham, Chair Ron Haskins, Co-Chair Sherry Glied Robert M. Groves Robert Hahn Hilary Hoynes Jeffrey B. Liebman Bruce D. Meyer Paul Ohm Nancy Potok Kathleen Rice Mosier Robert J. Shea Latanya Sweeney Kenneth R. Troske Kim R. Wallin The Promise of Evidence-Based Policymaking iii Contents Executive Summary: The Promise of Evidence-Based Policymaking .....................................1 Commission on Evidence-Based Policymaking Recommendations ...................................... 5 Chapter 1. Introduction: Vision for Evidence-Based Policymaking ................................... 7 Defining Evidence-Based Policymaking ....................................................................................8 Evolution of Evidence Building in the United States .............................................................12 Commission’s Charge and Process ............................................................................................. 16 Realizing the Promise of Evidence-Based Policymaking ....................................................17 Chapter 2. Secure, Restricted Access to Confidential Data ............................................. 23 Findings .............................................................................................................................................. 24 Recommendations .........................................................................................................................40 Chapter 3. Enhancing Privacy Protections for Federal Evidence Building .................. 47 Findings .............................................................................................................................................. 50 Recommendations .........................................................................................................................60 Chapter 4. Modernizing America’s Data Infrastructure for Accountability and Privacy ...................................................................................................................................... 65 Findings ............................................................................................................................................. 68 Recommendations .........................................................................................................................80 Chapter 5. Strengthening the Evidence-Building Capacity within the Federal Government .................................................................................................................... 87 Findings .............................................................................................................................................. 88 Recommendations .........................................................................................................................101 Chapter 6. Conclusion: Possibilities with More and Better Evidence .......................... 105 Acronyms ..............................................................................................................................................107 Appendix A: Evidence-Based Policymaking Commission Act of 2016 ..............................109 Appendix B: Commissioner Biographies .......................................................................................115 Appendix C: Commission’s Fact-Finding and Deliberative Processes ............................... 119 Appendix D: Examples of Data Productive for Evidence Building ...................................... 125 The Promise of Evidence-Based Policymaking 1 Executive Summary: The Promise of Evidence-Based Policymaking he American people want a government that and statistical methods, combined with trans- T functions efficiently and responsibly ad- parency and a strong legal framework, create dresses the problems that face this country. Pol- the opportunity to use data for evidence build- icymakers must have good information on which ing in ways that were not possible in the past. to base their decisions about improving the viabil- This report describes the Commission’s findings ity and effectiveness of government programs and and presents recommendations for fundamental policies. Today, too little evidence is produced to improvements to the Federal government’s evi- meet this need. dence-building systems and capabilities. Specif- The Commission on Evidence-Based Policy- ically, the Commission’s report includes recom- making (the “Commission”) envisions a future in mendations on (1) how the Federal government which rigorous evidence is created efficiently, as a can provide the infrastructure for secure access to routine part of government operations, and used data, (2) the mechanisms to improve privacy pro- to construct effective public policy. The Federal tections and transparency about the uses of data government has already taken important steps for evidence building, and (3) the institutional towards accomplishing this vision, but much capacity to support evidence building. work remains. The growing interest in producing more and higher-quality evidence to support de- Recommendations for cision-making led the Congress and the President to enact the Evidence-Based Policymaking Com- Improving Secure, Private, and mission Act of 2016, creating the Commission. Confidential Data Access The Commission was provided just over a year to study and develop a strategy for strengthening There are many barriers to the effective use of gov- government’s evidence-building and policymak- ernment data to generate evidence. Better access ing efforts. During the Commission’s fact-finding to these data holds the potential for substantial phase, numerous experts, researchers, govern- gains for society. The Commission’s recommenda- ment leaders, public and private organizations, tions recognize that the country’s laws and prac- and members of the public offered their perspec- tices are not currently optimized to support the tives on the Commission’s charge. use of data for evidence building, nor in a manner Based on this collective input, the Commission that best protects privacy. To correct these prob- determined that greater use of existing data is now lems, the Commission makes the following rec- possible in conjunction with stronger privacy and ommendations: legal protections, as well as increased transparen- cy and accountability. The Commission believes • Establish a National Secure Data Service to that improved access to data under more priva- facilitate access to data for evidence building cy-protective conditions can lead to an increase while ensuring privacy and transparency in in both the quantity and the quality of evidence to how those data are used. As a state-of-the-art inform important program and policy decisions. resource for improving government’s capacity Traditionally, increasing access to confidential to use the data it already collects, the National data presumed significantly increasing privacy Secure Data Service will be able to temporarily risk. The Commission rejects that idea. The Com- link existing data and provide secure access to mission believes there are steps that can be tak- those data for exclusively statistical purposes en to improve data security and privacy protec- in connection with approved projects. The Na- tions beyond what exists today, while increasing tional Secure Data Service
Recommended publications
  • Boston Tech Hub Faculty Working Group Annual Report: 2018-2019
    BOSTON TECH HUB FACULTY WORKING GROUP Annual Report 2018–2019 Technology and Public Purpose Project Belfer Center for Science and International Affairs Harvard Kennedy School 79 JFK Street Cambridge, MA 02138 www.belfercenter.org/TAPP Harvard John A. Paulson School of Engineering and Applied Sciences 29 Oxford St., Cambridge, MA 02138 www.seas.harvard.edu Statements and views expressed in this report are solely those of the authors and do not imply endorsement by Harvard University, Harvard Kennedy School, Harvard Paulson School, or the Belfer Center for Science and International Affairs. Design and Layout by Andrew Facini Copyright 2019, President and Fellows of Harvard College Printed in the United States of America BOSTON TECH HUB FACULTY WORKING GROUP Annual Report 2018–2019 Contents Foreword ...............................................................................................................1 FWG Members and Guests 2018–2019 .........................................................3 Introduction ..........................................................................................................9 Summary ............................................................................................................ 10 FWG Session Briefs: Fall 2018 ....................................................................... 17 FWG Session Briefs: Spring 2019 ................................................................. 35 FWG participants explore private sector investment in emerging technologies and the impact investing
    [Show full text]
  • Peter R. Orszag
    PETER R. ORSZAG Peter R. Orszag is Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. He is also a Nonresident Senior Fellow in Economic Studies at the Brookings Institution and a Contributing Columnist at Bloomberg View. Prior to joining Citigroup in January 2011, Dr. Orszag served as a Distinguished Visiting Fellow at the Council on Foreign Relations and a Contributing Columnist at the New York Times. He previously served as the Director of the Office of Management and Budget in the Obama Administration, a Cabinet-level position, from January 2009 until July 2010. From January 2007 to December 2008, Dr. Orszag was the Director of the Congressional Budget Office (CBO). Under his leadership, the agency significantly expanded its focus on areas such as health care and climate change. Prior to CBO, Dr. Orszag was the Joseph A. Pechman Senior Fellow and Deputy Director of Economic Studies at the Brookings Institution. While at Brookings, he also served as Director of The Hamilton Project, Director of the Retirement Security Project, and Co-Director of the Tax Policy Center. During the Clinton Administration, he was a Special Assistant to the President for Economic Policy and before that a staff economist and then Senior Advisor and Senior Economist at the President's Council of Economic Advisers. Orszag has also founded and subsequently sold an economics consulting firm. Dr. Orszag graduated summa cum laude in economics from Princeton University and obtained a Ph.D. in economics from the London School of Economics, which he attended as a Marshall Scholar.
    [Show full text]
  • The United States Government Manual 2009/2010
    The United States Government Manual 2009/2010 Office of the Federal Register National Archives and Records Administration The artwork used in creating this cover are derivatives of two pieces of original artwork created by and copyrighted 2003 by Coordination/Art Director: Errol M. Beard, Artwork by: Craig S. Holmes specifically to commemorate the National Archives Building Rededication celebration held September 15-19, 2003. See Archives Store for prints of these images. VerDate Nov 24 2008 15:39 Oct 26, 2009 Jkt 217558 PO 00000 Frm 00001 Fmt 6996 Sfmt 6996 M:\GOVMAN\217558\217558.000 APPS06 PsN: 217558 dkrause on GSDDPC29 with $$_JOB Revised September 15, 2009 Raymond A. Mosley, Director of the Federal Register. Adrienne C. Thomas, Acting Archivist of the United States. On the cover: This edition of The United States Government Manual marks the 75th anniversary of the National Archives and celebrates its important mission to ensure access to the essential documentation of Americans’ rights and the actions of their Government. The cover displays an image of the Rotunda and the Declaration Mural, one of the 1936 Faulkner Murals in the Rotunda at the National Archives and Records Administration (NARA) Building in Washington, DC. The National Archives Rotunda is the permanent home of the Declaration of Independence, the Constitution of the United States, and the Bill of Rights. These three documents, known collectively as the Charters of Freeedom, have secured the the rights of the American people for more than two and a quarter centuries. In 2003, the National Archives completed a massive restoration effort that included conserving the parchment of the Declaration of Independence, the Constitution, and the Bill of Rights, and re-encasing the documents in state-of-the-art containers.
    [Show full text]
  • Boston Tech Hub Faculty Working Group Annual Report: 2019-2020
    BOSTON TECH HUB FACULTY WORKING GROUP Annual Report 2019–2020 Technology and Public Purpose Project Belfer Center for Science and International Affairs Harvard Kennedy School 79 JFK Street Cambridge, MA 02138 www.belfercenter.org/TAPP Harvard John A. Paulson School of Engineering and Applied Sciences 29 Oxford St., Cambridge, MA 02138 www.seas.harvard.edu Statements and views expressed in this report are solely those of the authors and do not imply endorsement by Harvard University, Harvard Kennedy School, Harvard Paulson School, or the Belfer Center for Science and International Affairs. Design and Layout by Andrew Facini Copyright 2020, President and Fellows of Harvard College Printed in the United States of America BOSTON TECH HUB FACULTY WORKING GROUP Annual Report 2019-2020 Table of Contents Foreword ........................................................................................................................1 FWG Members and Guests .........................................................................................5 Introduction ................................................................................................................ 13 Summary ..................................................................................................................... 14 FWG Session Briefs: Fall 2019 ................................................................................19 FWG Session Briefs: Spring 2020 ..........................................................................31 Carol Rose, Executive Director
    [Show full text]
  • An Assessment of the Proposals of the President's Commission To
    NBER WORKING PAPER SERIES AN ASSESSMENT OF THE PROPOSALS OF THE PRESIDENT’S COMMISSION TO STRENGTHEN SOCIAL SECURITY Peter A. Diamond Peter R. Orszag Working Paper 9097 http://www.nber.org/papers/w9097 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 August 2002 The views expressed herein are those of the authors and not necessarily those of the National Bureau of Economic Research. © 2002 by Peter A. Diamond and Peter R. Orszag. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. An Assessment of the Proposals of the President’s Commission to Strengthen Social Security Peter A. Diamond and Peter R. Orszag NBER Working Paper No. 9097 August 2002 ABSTRACT The President’s Commission to Strengthen Social Security proposed three reform plans. Two, analyzed here, restore actuarial balance in the absence of individual accounts. One achieves this balance solely through benefit reductions. The other uses new dedicated revenue to cover one-third of the actuarial deficit, reducing benefits to close the rest. Both plans cut disability and young survivor benefits in step with retirement benefits, while bolstering benefits for long-career low earners and surviving spouses with low benefits. The plans both include voluntary individual accounts that replace part of the scaled-back Social Security system. Payroll taxes are diverted to the accounts and one of the plans also requires a (subsidized) add-on contribution for those choosing accounts. Under both models, any payroll tax deposited in an individual account is also recorded in a “liability account” for the worker.
    [Show full text]
  • Expanding Economic Opportunity for More Americans
    Expanding Economic Opportunity for More Americans Bipartisan Policies to Increase Work, Wages, and Skills Foreword by HENRY M. PAULSON, JR. and ERSKINE BOWLES Edited by MELISSA S. KEARNEY and AMY GANZ Expanding Economic Opportunity for More Americans Bipartisan Policies to Increase Work, Wages, and Skills Foreword by HENRY M. PAULSON, JR. and ERSKINE BOWLES Edited by MELISSA S. KEARNEY and AMY GANZ FEBRUARY 2019 Acknowledgements We are grateful to the members of the Aspen Economic Strategy Group, whose questions, suggestions, and discussion were the motivation for this book. Three working groups of Aspen Economic Strategy Group Members spent considerable time writing the discussion papers that are contained in this volume. These groups were led by Jason Furman and Phillip Swagel, Keith Hennessey and Bruce Reed, and Austan Goolsbee and Glenn Hubbard. We are indebted to these leaders for generously lending their time and intellect to this project. We also wish to acknowledge the members who spent considerable time reviewing proposals and bringing their own expertise to bear on these issues: Sylvia M. Burwell, Mitch Daniels, Melissa S. Kearney, Ruth Porat, Margaret Spellings, Penny Pritzker, Dave Cote, Brian Deese, Danielle Gray, N. Gregory Mankiw, Magne Mogstad, Wally Adeyemo, Martin Feldstein, Maya MacGuineas, and Robert K. Steel. We are also grateful to the scholars who contributed policy memos, advanced our understanding about these issues, and inspired us to think creatively about solutions: Manudeep Bhuller, Gordon B. Dahl, Katrine V. Løken, Joshua Goodman, Joshua Gottlieb, Robert Lerman, Chad Syverson, Michael R. Strain, David Neumark, Ann Huff Stevens and James P. Ziliak. The production of this volume was supported by many individuals outside of the Aspen Economic Strategy Group organization.
    [Show full text]
  • Orszag to Depart OMB Director Post | 1
    Orszag to Depart OMB Director Post | 1 Orszag to Depart OMB Director Post By Editor Test Wed, Jun 30, 2010 “Basically, the OMB Director is a brutal job and subject to quick burnout," commented one political blogger. Peter R. Orszag, who brought a strong retirement perspective to his job as budget director in the Obama administration, will leave the White House later this summer, several news organizations reported last week. “Basically, the OMB Director is a brutal job and subject to quick burnout. I wouldn’t read any more into this than that,” wrote David Dayen on the newsblog, firedoglake, by way of explanation. Orszag’s impending departure was first rumored last April. According to the Washington Post, likely candidates for appointment to the post of director of the Office of Management and Budget include (in order of probability): Laura D. Tyson, former chair of the Council of Economic Advisers in the Clinton administration who currently teaches at Berkeley’s Haas School of Business. John Berry, head of the Office of Personnel Management. Rob Nabors, who served as Orszag’s deputy before joining White House chief of staff Rahm Emanuel’s office to focus on special projects. Gene Sperling, a senior adviser to Treasury Secretary Tim Geithner and a top economic official in the Clinton administration. Robert Greenstein, director of the Center for Budget and Policy Priorities. He served on the Bipartisan Commission on Entitlement and Tax Reform during the Clinton administration. Byron Dorgan, North Dakota’s retiring Democratic senator. Jeffrey Liebman, an economist with expertise on poverty, pensions and Social Security.
    [Show full text]
  • Policy and Choice: Public Finance Through the Lens of Behavioral
    advance Praise For POLICY and CHOICE Mullai Congdon • Kling “Policy and Choice is a must-read for students of public finance. If you want to learn N William J. Congdon is a research director in Traditional public ἀnance provides a powerful how the emerging field of behavioral economics can help lead to better policy, there is atha the Brookings Institution’s Economic Studies framework for policy analysis, but it relies on a nothing better.” program, where he studies how best to apply model of human behavior that the new science , Harvard University, former chairman of the President’s Council of N. GreGory MaNkiw N behavioral economics to public policy. Economic Advisers, and author of Principles of Economics of behavioral economics increasingly calls into question. In Policy and Choice economists Jeἀrey R. Kling is the associate director for William Congdon, Jeffrey Kling, and Sendhil economic analysis at the Congressional Budget “This fantastic volume will become the standard reference for those interested in understanding the impact of behavioral economics on government tax and spending Mullainathan argue that public ἀnance not only Office, where he contributes to all aspects of the POLICY policies. The authors take a stream of research which had highlighted particular can incorporate many lessons of behavioral eco- agency’s analytic work. He is a former deputy ‘nudges’ and turn it into a comprehensive framework for thinking about policy in a nomics but also can serve as a solid foundation director of Economic Studies at Brookings. more realistic world where psychology is incorporated into economic decisionmaking. from which to apply insights from psychology Sendhil Mullainathan is a professor of This excellent book will be widely used and cited.” to questions of economic policy.
    [Show full text]
  • University of Chicago Public
    UNIVERSITY OF CHICAGO PUBLIC ECONOMICS Economics 363/Public Policy 440 Professor Meyer Winter 2015 Office: 1155 E. 60th #166 TTH 10:30-11:50 Phone: 2-2712 Office Hours M 1:30-3 [email protected] DESCRIPTION: This course which is primarily designed for Ph.D. students covers areas of active empirical research on the effects of taxes and government spending programs. The areas covered are welfare economics, quasi-experimental and structural estimation methods, income taxation and labor supply, the effects of welfare and social insurance programs including AFDC/TANF, social security, unemployment insurance, workers’ compensation, and disability insurance. The emphasis in the course will be on empirical research. Those who are not Ph.D. students must have instructor’s permission. EVALUATION: Participation in class discussions, a 15 double-spaced page research proposal due Thursday, March 12 and an in class final exam on Tuesday, March 17. For master’s students I will substitute a literature review for the research proposal. READINGS: Selected readings. No required text. 1. Welfare Economics and Methodology 1.1 Social Welfare, Analysis of Tax Reforms Deaton, Angus. 1997. “The Analysis of Household Surveys: A Microeconomic Approach to Development Policy. The Johns Hopkins University Press: Baltimore and London. Hausman, Jerry A. and Whitney K. Newey (1995): "Nonparametric Estimation of Exact Consumers Surplus and Deadweight Loss," Econometrica 63, 1445-1476. King, M. A. (1983): "Welfare Analysis of Tax Reforms Using Household Data," Journal of Public Economics, 183-214. 1.2 Estimation of Causal Effects; Quasi-Experiments Angrist, Joshua D. and Alan B. Krueger (1999): “Empirical Strategies in Labor Economics,” in Handbook of Labor Economics, Volume 3A, Orley C.
    [Show full text]
  • The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S
    The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S. A JOINT PROJect OF THE COMMUNITY AFFAIRS OFFICES OF THE FEDERAL RESERVE SYSTEM AND THE METROPOLItaN POLICY PROGRAM at THE BROOKINGS INSTITUTION The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S. A JOINT PROJect OF THE COMMUNITY AFFAIRS OFFICES OF THE FEDERAL RESERVE SYSTEM AND THE METROPOLItaN POLICY PROGRAM at THE BROOKINGS INSTITUTION Metropolitan Policy Program at BROOKINGS © 2008 The Federal Reserve System and The Brookings Institution The Enduring Challenge of Concentrated Poverty in America: Case Studies from Communities Across the U.S. EDITORS David Erickson, Federal Reserve Bank of San Francisco Carolina Reid, Federal Reserve Bank of San Francisco Lisa Nelson, Federal Reserve Bank of Cleveland Anne O’Shaughnessy, Federal Reserve Bank of Cleveland Alan Berube, Brookings Institution AUTHORS AND RESEARCHERS Alan Berube, Brookings Institution Courtney Anderson Mailey, Federal Reserve Bank Jeremiah Boyle, Federal Reserve Bank of Chicago of Richmond Ana Cruz-Taura, Federal Reserve Bank of Atlanta Carl Neely, Federal Reserve Bank of Richmond Naomi Cytron, Federal Reserve Bank of San Francisco Lisa Nelson, Federal Reserve Bank of Cleveland Wenhua Di, Federal Reserve Bank of Dallas Harriet Newburger, Federal Reserve Bank of Philadelphia Kelly Edmiston, Federal Reserve Bank of Kansas City Yazmin Osaki, Federal Reserve Bank of New York David Erickson, Federal Reserve Bank of San Francisco Carolina Reid, Federal Reserve Bank of San Francisco Ellen Eubank, Federal Reserve Bank of St. Louis Keith Rolland, Federal Reserve Bank of Philadelphia Jeff Gatica, Federal Reserve Bank of Cleveland Anita Sands, ARI Planning & Research, Inc.
    [Show full text]
  • Lawrence Katz's Ph.D. Students (Harvard Unless Otherwise Noted) Dissertation Committee Member And/Or Job Market Letter Writer
    Lawrence Katz's Ph.D. Students (Harvard unless otherwise noted) Dissertation Committee Member and/or Job Market Letter Writer Ph.D Initial Placement Current Position Year 1. Karl Iorio (UC Berkeley) 1986 Kaiser Health Foundation 2. Lori Kletzer (UC Berkeley) 1986 Williams College UC Santa Cruz (Provost and Exec. Vice Chancellor) 3. Miles Kimball 1987 University of Michigan University of Colorado, Boulder 4. Alan B. Krueger 1987 Princeton University Princeton University, 1987-2019 (Past Chair, CEA) 5. David I. Levine 1987 UC Berkeley, Haas School of Business UC Berkeley, Haas School of Business 6. David Neumark 1987 Federal Reserve Board UC Irvine 7. Robert Valletta 1987 UC Irvine Federal Reserve Bank of San Francisco 8. Sanders Korenman 1988 Princeton University CUNY-Baruch College 9. Douglas Kruse 1988 Rutgers University Rutgers University 10. Fernando Ramos 1989 KPMG Peat Marwick 11. Changyong Rhee 1989 University of Rochester IMF, Director of Asia and the Pacific 12. Robert J. Waldmann 1989 European University Institute Tor Vergata University of Rome 13. Edward Funkhouser 1990 UC Santa Barbara California State University, Long Beach 14. James Montgomery (MIT) 1990 Northwestern University U. of Wisconsin, Sociology 15. Marcus Rebick 1990 Cornell University Oxford University, 1994-2012 16. Ana Revenga 1990 The World Bank The Brookings Institution 17. Eric Rice 1990 The World Bank Wellington Management 18. David N. Weil 1990 Brown University Brown University 19. David M. Cutler (MIT) 1991 Harvard University Harvard University 20. Maria Hanratty 1991 Cornell University University of Minnesota, Humphrey School 21. Jonathan Morduch 1991 Harvard University New York University 22. Andrew Warner 1991 The World Bank Millennium Challenge Corporation 23.
    [Show full text]
  • The Promise and Realities of Pay for Success/ Social Impact Bonds
    SPECIAL ISSUE Restructuring and Resisting Education Reforms in Chicago’s Public Schools education policy analysis archives A peer-reviewed, independent, open access, multilingual journal Arizona State University Volume 25 Number 59 June 5, 2017 ISSN 1068-2341 The Promise and Realities of Pay for Success/Social Impact Bonds Kenneth J. Saltman University of Massachusetts Dartmouth United States Citation: Saltman, K. (2016). The promise and realities of Pay for Success/ Social Impact Bonds. Education Policy Analysis Archives, 25(59). http://dx.doi.org/10.14507/epaa.25.2640 This article is part of EPAA/AAPE’s Special Issue on Restructuring and Resisting Education Reforms in Chicago’s Public Schools, Guest Edited by Dr. Federico Waitoller and Rhoda R. Gutierrez. Abstract: This article considers proponents’ arguments for Pay for Success also known as Social Impact Bonds. Pay for Success allows banks to finance public services with potential profits tied to metrics. Pay for Success has received federal support through the Every Student Succeeds Act of 2016 and is predicted by 2020 to expand in the US to a trillion dollars. As school districts, cities, and states face debt and budget crises, Pay for Success has been advocated by philanthropists, corporate consulting firms, politicians, and investment banks on the grounds of improving accountability, cost savings, risk transfer, and market discipline. With its trailblazing history in neoliberal education, Chicago did an early experiment in Pay for Success. This article provides a conceptual analysis of the key underlying assumptions and ideologies of Pay for Success. It examines the claims of proponents and critics and sheds light on the financial and ideological motivations animating Pay for Success.
    [Show full text]