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“Social finance as a public policy instrument"

Author

Listed:
  • Maria Cristina Rossi

    (University of Turin and CeRP-Collegio Carlo Alberto)

  • Dora Gambardella

    (University of Naples Federico II)

  • Riccardo Salomone

    (University of Trento)

Abstract

We address the high social impact household savings could generate if channeled (at least, partially) into social impact investments in a win-win formula for both households and society as a whole. More specifically, we focus on two financial products which both have a monetary return along with a well-defined social impact: Social Bonds (SB) and Social Impact Bonds (SIB). While social bonds reduce the net return in favor of setting up a social program, social impact bonds are a breakthrough concept that combines traditional investment, be it risky or risk-free, with a social connotation in a unique public/private partnership.

Suggested Citation

  • Maria Cristina Rossi & Dora Gambardella & Riccardo Salomone, 2018. "“Social finance as a public policy instrument"," CeRP Working Papers 178, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    • Handle: RePEc:crp:wpaper:178
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    File URL: http://www.cerp.carloalberto.org/social-finance-public-policy-instrument/
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    Cited by:

    1. Stefania Basiglio & Mariacristina Rossi & Riccardo Salomone & Costanza Torricelli, 2020. "Saving with a Social Impact: Evidence from Trento Province," Sustainability, MDPI, vol. 12(20), pages 1-15, October.

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