Benefits of social impact bonds in reducing unemployment levels among ultra-Orthodox Jews in Israel

Doron Lavee, Yehudith Kahn and Yoav Fisher

International Journal of Public Policy, 2018, vol. 14, issue 3/4, 235-257

Abstract: A social impact bond (SIB) is an innovative financial tool designed to resolve the lack of efficiency of public financing of social services and create additional sources of funding for various social projects. The purpose of this study is to examine the use of SIBs for the encouragement of ultra-orthodox employment and evaluate their economic return to the Israeli Government. First, the expected impacts of training ultra-Orthodox men for employment in the high-tech sector of the local labour market are evaluated. Second, economic profitability is measured as expected cost savings for the Israeli Government.

Keywords: pay for success; high-tech sector; labour participation rate; social impact bonds; SIBs; ultra-Orthodox; unemployment; Israel. (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:14:y:2018:i:3/4:p:235-257

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