References
- Barnett, W. S., & Ackerman, D. J. (2006). Costs, benefits, and long-term effects of early care and education programs: Recommendations and cautions for community developers. Community Development, 37(2), 86–100. doi:10.1080/15575330609490209
- Barnett, W. S., Carolan, M. E., Squires, J. H., & Clarke Brown, K. (2013). The state of preschool 2013: State preschool yearbook. New Brunswick, NJ: National Institute for Early Education Research.
- Bartik, T. J. (2011). Investing in kids: Early childhood programs and local economic development. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.
- Benjamin, L. M., & Greene, J. C. (2009). From program to network. The American Journal of Evaluation, 30, 296–309. doi:10.1177/1098214009338621
- Bennett, A. Y. (2013, March 12). The Good, the bad, and the ugly: The 2013 Utah state legislative round-up [Blog post]. Retrieved from http://www.utahchildren.org/newsroom/speaking-of-kids-blog/item/336-the-good-the-bad-and-the-ugly-the-2013-utah-state-legislative-round-up
- Berlin, G. L. (2016). Learning from experience: A guide to social impact bond investing. New York: MDRC.
- Boyne, G. A., & Chen, A. A. (2006). Performance targets and public service improvement. Journal of Public Administration Research and Theory, 17, 455–477. doi:10.1093/jopart/mul007
- Carter, E. (in press). More than marketised? Exploring the governance and accountability mechanisms at play in social impact bonds. Journal of Economic Policy Reform.
- Chiapello, E., & Knoll, L. (2017, March). Paper presented at the Social Finance, Impact Investing, and the Financialization of the Public Interest Conference, Hamburg, Germany.
- City of Chicago. (2014a). Loan agreement and contract with IFF Pay for Success I LLC to serve at-risk children to increase school readiness and reduce later public school spending committee. Retrieved from http://www.payforsuccess.org/sites/default/files/resource-files/o2014-8677_0.pdf
- City of Chicago. (2014b). Senior loan agreement between Goldman Sachs social impact fund, L.P. and IFF pay for success I, LLC. Retrieved from http://www.chicagoreporter.com/wp-content/uploads/2016/05/EXECUTED-Goldman-Sachs-Senior-Loan-Agreement.pdf
- City of Chicago. (2014c). Senior loan agreement between the Northern Trust Company and IFF pay for success I, LLC. Retrieved from http://www.chicagoreporter.com/wp-content/uploads/2016/05/EXECUTED-Northern-Trust-Senior-Loan-Agt.pdf
- City of Chicago. (2014d). Subordinate loan agreement between Pritzker Family Foundation and IFF pay for success I, LLC. Retrieved from http://www.chicagoreporter.com/wp-content/uploads/2016/05/EXECUTED-Pritzker-Subordinate-Loan-Agt.pdf
- Del Bo, C., & Florio, M. (2012). Public enterprises, policy adoption and planning: Three welfare propositions. Journal of Economic Policy Reform, 15, 263–279. doi:10.1080/17487870.2012.722846
- Disley, E., Rubin, J., Scraggs, E., Burrowes, N., & Culley, D. (2011). Lessons learned from the planning and early implementation of the social impact bond at HMP peterborough. London, England: Rand Europe.
- Edmiston, D., & Nicholls, A. (2018). Social impact bonds: The role of private capital in outcome-based commissioning. Journal of Social Policy, 47, 57–76. doi:10.1017/S0047279417000125
- Finlaw, S. (2017). Baker–Polito administration launches workforce development pay for success project. Retrieved from http://www.mass.gov/anf/press-releases/fy2017/workforce-development-pay-for-success-project-launched.html
- Folbre, N. (2006). Rethinking the child care sector. Community Development, 37(2), 38–52. doi:10.1080/15575330609490206
- Fraser, A., Tan, S., Lagarde, M., & Mays, N. (2018). Narratives of promise, narratives of caution: A review of the literature on social impact bonds. Social Policy & Administration, 52, 4–28. doi:10.1111/spol.2018.52.issue-1
- Fraser, N. (2011). Marketization, social protection, emancipation. Toward a neo-Polanyian conception of capitalist crisis. In C. Calhoun & G. Derluguian (Eds.), Business as usual. The roots of the global financial meltdown (Vol. 1, pp. 137–283). New York: New York University Press.
- Gillers, H. (2015, May 13). Chicago Public Schools debt also is downgraded to junk status. Chicago Tribune. Retrieved from http://www.chicagotribune.com/ct-cps-downgrade-met-20150513-story.html
- Gornick, J. C., & Meyers, M. K. (2003). Families that work: Policies for reconciling parenthood and employment. New York, NY: Russell Sage Foundation.
- Gustafsson-Wright, E., Gardiner, S., & Putcha, V. (2015). The potential and limitations of impact bonds: Lessons from the first five years of experience worldwide. Washington, DC: Global Economy and Development at Brookings.
- Hahn, H., Aron, L., Lou, C., Pratt, E., & Okoli, A. (2017). Why does cash welfare depend on where you live? How and why state TANF programs vary. Washington, DC: Urban Institute.
- Halpern, D. F. (2004). Public policy, work, and families: The report of the APA presidential initiative on work and families. Washington, DC: American Psychological Association.
- Heckman, J., Pinto, R., & Savelyev, P. (2013). Understanding the mechanisms through which an influential early childhood program boosted adult outcomes. American Economic Review, 103, 2052–2086. doi:10.1257/aer.103.6.2052
- Heinrich, C. J., & Choi, Y. (2007). Performance-based contracting in social welfare programs. The American Review of Public Administration, 37, 409–435. doi:10.1177/0275074006297553
- Hipp, L., Morrissey, T. W., & Warner, M. E. (2017). Who participates and who benefits from employer-provided child-care assistance? Journal of Marriage and Family, 79, 614–635. doi:10.1111/jomf.2017.79.issue-3
- Jupp, B. (2015). Reconsidering accountability in an age of integrated care. London, England: Nuffield Trust.
- Lake, R. W. (2015). The financialization of urban policy in the age of Obama. Journal of Urban Affairs, 37, 75–78. doi:10.1111/juaf.12167
- Lake, R. W. (2016). The subordination of urban policy in the time of financialization. In C. Johnson & J. DeFilippis (Eds.), Urban policy in the time of Obama (pp. 45–64). Minneapolis: University of Minnesota Press.
- Liebman, J. B. (2011). Social impact bonds. Washington, DC: Center for American Progress.
- Lowe, T., & Wilson, R. (2017). Playing the game of outcomes-based performance management. Is gamesmanship inevitable? Evidence from theory and practice. Social Policy & Administration, 51, 981–1001. doi:10.1111/spol.2017.51.issue-7
- Maier, F., Barbetta, G., & Godina, F. (2017). Paradoxes of social impact bonds. Social Policy and Administration. doi:10.1111/spol.12343
- Michener, J. D. (2017). People, places, power: Medicaid concentration and local political participation. Journal of Health Politics, Policy and Law, 42, 865–900. doi:10.1215/03616878-3940468
- Morrissey, T., & Warner, M. E. (2007). Why early care and education deserves as much attention, or more, than prekindergarten alone. Applied Developmental Science, 11(2), 57–70. doi:10.1080/10888690701384897
- Neyland, D. (2017). On the transformation of children at-risk into an investment proposition: A study of social impact bonds as an anti-market device. The Sociological Review, 66(3), 492–510. doi:10.1177/0038026117744415
- Ogman, R. (2019). “Ethical capitalism” in the city. Embedded economy or market subordination? The case of social impact bonds. Journal of Urban Affairs. doi:10.1080/07352166.2019.1619460
- Olds, D. L., Eckenrode, J., Henderson, C. R., Kitzman, H., Powers, J., Cole, R., …, Luckey, D. (1997). Long-term effects of home visitation on maternal life course and child abuse and neglect: Fifteen-year follow-up of a randomized trial. JAMA, 278, 637–643. doi:10.1001/jama.1997.03550080047038
- O’Neill, P. (2010). Infrastructure financing and operation in the contemporary city. Geographical Research, 48, 3–12. doi:10.1111/j.1745-5871.2009.00606.x
- O’Neill, P. (2017). Managing the private financing of urban infrastructure. Urban Policy and Research, 35, 32–43. doi:10.1080/08111146.2016.1235034
- Patton, M. Q. (2011). Developmental evaluation: Applying complexity concepts to enhance innovation and use. New York, NY: Guilford Press.
- Pequeneza, N. (Producer/Director). (2018). The invisible heart [Motion picture]. USA: HitPlay Productions.
- Perez, J., Jr. (2017, January 5). Chicago public schools seeks quick fix to budget hole left by Brauner’s veto. Chicago Tribune. Retrieved from http://www.chicagotribune.com/news/local/breaking/ct-chicago-school-budget-cuts-met-20170105-story.1html
- Polanyi, K. (1944). The great transformation. Boston, MA: Beacon.
- Popper, N. (2015, November 3). Success metrics questioned in school program funded by Goldman. The New York Times. Retrieved from https://www.nytimes.com/2015/11/04/business/dealbook/did-goldman-make-the-grade.html?_r=0
- Reynolds, A. J. (1997). The Chicago child–parent centers: A longitudinal study of extended early childhood intervention. Madison: University of Wisconsin–Madison, Institute for Research on Poverty.
- Rolnick, A. J., & Grunewald, R. (2003, March 1). Early childhood development: Economic development with a high public return. Fedgazette, 6–12. Retrieved from https://www.minneapolisfed.org/publications/fedgazette/early-childhood-development-economic-development-with-a-high-public-return
- Sanchez, M. (2016). Investors earn max initial payment from Chicago’s “social impact bond.” Retrieved from http://chicagoreporter.com/investors-earn-max-initial-payment-from-chicagos-social-impact-bond/
- Schalock, R. L., & Bonham, G. S. (2003). Measuring outcomes and managing for results. Evaluation and Program Planning, 26, 229–235. doi:10.1016/S0149-7189(03)00027-2
- Sclar, E. (2015). The political economics of investment utopia: Public–private partnerships for urban infrastructure finance. Journal of Economic Policy Reform, 18, 1–15. doi:10.1080/17487870.2014.950857
- Shortall, S., & Warner, M. E. (2010). Social inclusion or market competitiveness? A comparison of rural development policies in the European Union and the United States. Social Policy & Administration, 44, 575–597. doi:10.1111/j.1467-9515.2010.00730.x
- Sinclair, S., McHugh, N., & Roy, M. J. (in press). Social innovation, financialisation and commodification: A critique of social impact bonds. Journal of Economic Policy Reform.
- South Carolina Department of Health and Human Services. (2016). Pay for success contract among South Carolina Department of Health and Human Services and Nurse–Family Partnership and the Children’s Trust Fund of South Carolina. Retrieved from https://www.scdhhs.gov/sites/default/files/2016_0321_AMENDED%20NFP%20PFS%20Contract_vFinal%20Executed.pdf
- Spielman, F. (2014, November 5). City Council approves Emanuel’s early childhood expansion. Chicago Sun Times. Retrieved from https://chicago.suntimes.com/politics/city-council-approves-emanuels-early-childhood-expansion/
- State of Utah. (2014). General session. H.B. 96: Utah school readiness initiative. Chief Sponsor: Gregory Hughes. Senate Sponsor: Stephen Urquhart. Enrolled.
- State of Utah. (2016). General session. S.B. 101: High quality school readiness program expansion. Chief Sponsor: Ann Millner. House Sponsor: Bradley Last. Enrolled.
- Stoney, L., Mitchell, A., & Warner, M. E. (2006). Smarter reform: Moving beyond single program solutions to an early care and education system. Community Development, 37(2), 101–115. doi:10.1080/15575330609490210
- Tan, S., Fraser, A., McHugh, N., & Warner, M. (in press). Widening perspectives on social impact bonds (SIBs)—Learning from emerging policy and practice. Journal of Economic Policy Reform.
- United Way of Salt Lake. (2015). Initial results released for first social impact bond for early childhood education show success. Retrieved from http://www.payforsuccess.org/sites/default/files/resource-files/sibfactsheet10-1-2015finaledits-4_0.pdf
- U.S. Department of Education. (2016). U.S. Department of Education announces $3 million in pay for success grants for preschool programs. Retrieved from https://www.ed.gov/news/press-releases/us-department-education-announces-3-million-pay-success-grants-preschool-programs
- U.S. Government Accountability Office. (2015). Pay for success: Collaboration among federal agencies would be helpful as governments explore new financing mechanisms (GAO-15-646). Washington, DC: Author.
- Utah State Legislature. (2014). “H.B. 96: Utah school readiness initiative.” Utah State Legislature. Retrieved from https://le.utah.gov/~2014/bills/static/HB0096.html.
- Utah State Legislature. (2016). “S.B. 101: High quality school readiness program expansion.” Utah State Legislature. Retrieved from https://le.utah.gov/~2016/bills/static/sb0101.html.
- Warner, M. E. (2006). Putting child care in the regional economy: Empirical and conceptual challenges and economic development prospects. Community Development, 37(2), 7–22. doi:10.1080/15575330609490204
- Warner, M. E. (2009). (Not) valuing care: A review of recent popular economic reports on preschool in the U.S. Feminist Economics, 15(2), 73–95. doi:10.1080/13545700802699512
- Warner, M. E. (2013). Private finance for public goods: Social impact bonds. Journal of Economic Policy Reform, 16, 303–319. doi:10.1080/17487870.2013.835727
- Warner, M. E. (2015). Profiting from public value? The case of social impact bonds. In J. Bryson, B. Crosby, & L. Bloomberg (Eds.), Creating public value in practice (pp. 143–160). New York, NY: CRC Press.
- Warner, M. E., & Clifton, J. (2014). Marketization, public services and the city: The potential for Polanyian counter movements. Cambridge Journal of Regions, Economy and Society, 7, 45–61. doi:10.1093/cjres/rst028
- Warner, M. E., & Prentice, S. (2013). Toward social rights: Linking childcare, economic development and social investment in the U.S. and Canada. Journal of Urban Affairs, 35(2), 195–217. doi:10.1111/j.1467-9906.2012.00622.x
- Williams, B. (2013). Children’s Trust awarded $14.4 million to expand home visiting program in South Carolina. Retrieved from https://scchildren.org/public/files/docs/MIEC/Home%20Visiting%20Expansion.pdf
- Williams, J. (2018). Surveying the SIB economy: Social impact bonds, “local” challenges, and shifting markets in urban social problems. Journal of Urban Affairs. doi:10.1080/07352166.2018.1511796