Joseph J. Cordes

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  • Professor of Economics, Public Policy and Public Administration, and International Affairs, Associate Director, Trachtenberg School, Co-Director: George Washington University Regulatory Studies Center, George Washington University
Oklahoma Gov. Mary Fallin, front, after she signed a law that allows pay-for-success funding for projects aiming to reduce female incarceration rates. AP Photo/Sue Ogrocki

Social impact bonds, explained

Sheela Pandey, Penn State; Joseph J. Cordes, George Washington University, and Sanjay K. Pandey, George Washington University

These partnerships between investors, governments and nonprofits are a new way to pay for programs and services that help people in need and address intractable problems like mass incarceration.

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