Title: Benefits of social impact bonds in reducing unemployment levels among ultra-Orthodox Jews in Israel
Authors: Doron Lavee; Yehudith Kahn; Yoav Fisher
Addresses: Department of Economics and Management, Tel Hai Academic College and Pareto Group, Israel ' Department of Economics and Management, Tel Hai Academic College and Pareto Group, Israel ' Pareto Group, Ha-Melakha St 18, Netanya, Israel
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.
International Journal of Public Policy, 2018 Vol.14 No.3/4, pp.235 - 257
Received: 21 Jun 2016
Accepted: 12 Oct 2017
Published online: 22 May 2018 *