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Social Investment Funds in Sweden: Status and Design Issues
Örebro University, Örebro University School of Business. (Nationalekonomi)ORCID iD: 0000-0003-1172-1076
Örebro University, Örebro University School of Business.ORCID iD: 0000-0001-9571-2315
2017 (English)In: Scandinavian Journal of Public Administration, ISSN 2001-7405, E-ISSN 2001-7413, Vol. 21, no 3, p. 85-108Article in journal (Refereed) Published
Abstract [en]

Long-term investments in individual and social human capital such as preschool, school, family support, early-intervention for youth at risk and other programmes that are part of the welfare services provided by local government in Sweden are generally managed with one-year-ahead budget planning. In the light of criticism that the resulting resource allocation is biased due to short-sightedness, silo mentality and risk aversion, in recent years more than a fifth of Swedish municipalities have established “social investment funds” for promoting investment and innovation views on such measures. This article provides a background on the motives and current status of these funds at the national level and describes in more detail the design and project funding in two cases. Two critical design issues are discussed; whether investment returns should be paid back to the fund and whether assessment should be made of societal benefits other than costs avoided.

Place, publisher, year, edition, pages
Göteborg: School of Public Administration, University of Gothenburg , 2017. Vol. 21, no 3, p. 85-108
Keywords [en]
Social investments; Investing in children; Cost-benefit analysis; Social impact bonds; Municipalities
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-54917OAI: oai:DiVA.org:oru-54917DiVA, id: diva2:1068253
Funder
Swedish Research Council, VR2014:10128Available from: 2017-01-24 Created: 2017-01-24 Last updated: 2017-11-10Bibliographically approved

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Hultkrantz, LarsVimefall, Elin

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