La finanza sociale come strumento per le politiche pubbliche = Social finance as a tool for public policies. WP C.S.D.L.E. “Massimo D’Antona”.IT – 350/2018

Gambardella, Dora and Rossi, Maria Cristina and Salomone, Riccardo (2018) La finanza sociale come strumento per le politiche pubbliche = Social finance as a tool for public policies. WP C.S.D.L.E. “Massimo D’Antona”.IT – 350/2018. [Policy Paper]

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Abstract

Our work elaborates on the high social impact household saving could generate if channelled (at least, partially) into social impact investments in a win-win formula for both household and the society as a whole. More specifically, we focus on two financial products with both 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 favour of the setting up of a social programme, the Social Impact Bonds represent an innovative and breakthrough concept that mixes the traditional investment, be it risky or risk free, with a social connotation in a unique public-private partnership.

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