SOCIAL IMPACT BONDS: AN INNOVATIVE WAY TO COMBAT YOUTH UNEMPLOYMENT

Abstract

Purpose: To explore whether the so-called social impact bonds (innovative fi nancing of social interventions) are a desirable and feasible alternative in combatting youth unemployment. Approach: Literature study and semi-structured interviews. Findings: Social impact bonds are an important addition to the existing employment measures. Limitations: Sole focus on the situation in the Netherlands; limited expertise. Value of the paper: The paper off ers an understanding of a new instrument that leads to fundamental changes in the way social issues are tackled. In relation to positive management, social impact bonds call upon the corporate social responsibility of private parties to invest in social interventions.