Impact Investments2       Different definitions, agreed common goal               Produce change in people’s lives (and/...
Impact: What is it?Primary Outcome                            Intervention                                           Impac...
Why randomized evaluations?   Standard ways of measuring impact:       Changes over time       How do beneficiaries com...
Measuring and Preventing Corruption   Community Driven Development Program in Indonesia    (KDP)       Communities that ...
Remedial education   Massive improvements in primary school enrollment       Too many children are in school, but not le...
About us7       Established by 3 Professors of Economics at MIT, now a        network of 70 researchers throughout the wo...
Rethinking conventional wisdom           Microfinance to help the poor help themselves               Success stories lar...
High impact investments         Mass in-school deworming of young children             Reduce absenteeism by 1/6, cost 5...
Choose wisely - Serious Social Investing 2013
Choose wisely - Serious Social Investing 2013
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Choose wisely - Serious Social Investing 2013

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Different performance monitoring models are appropriate for different funders.

JPAL's Kamilla Gumede speaks at the Tshikululu Social Investments Serious Social Investing 2013 workshop.

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Choose wisely - Serious Social Investing 2013

  1. 1. Impact Investments2  Different definitions, agreed common goal  Produce change in people’s lives (and/or the environment) that wouldn’t have happened otherwise  J P Morgan 2010 survey: 96% measure impacts  No common metric, evaluation standards what happened (with the programme) …and - what would have happened (without the programme) = IMPACT of the programme
  2. 2. Impact: What is it?Primary Outcome Intervention Impact Time
  3. 3. Why randomized evaluations? Standard ways of measuring impact:  Changes over time  How do beneficiaries compare to non beneficiaries But this does not distinguish impact of program from other confounding factors  Children learn over time (with or without a program)  First to sign up for a program are not typical (e.g. microfinance) Randomized evaluation ensures beneficiaries are nodifferent from non beneficiaries (except for the program) Many ways to introduce randomization that are  Ethical  Fit the needs of implementing agencies Randomization is not always appropriate or necessary
  4. 4. Measuring and Preventing Corruption Community Driven Development Program in Indonesia (KDP)  Communities that had chosen feeder roads as their project  Villages randomized to get 100% chance of external audit  Others got intensified community oversight Measure of corruption  Dug up small (random) sample of road  Measured how much construction material was used and compared this to material in accounts Threat of 100 percent audit reduced corruption  On average corruption fell by 8.5 percent
  5. 5. Remedial education Massive improvements in primary school enrollment  Too many children are in school, but not learning  Grade progression, with basic literacy and numeracy skills Remedial education can be fast, effective, relatively cheap  Key is to provide children more time to learn at their level  Tracking, holiday camps, some CAL can facilitate same results Investment opportunity for replication in South Africa  WCED/Molteno holiday literacy camp  50 worse performing schools in Cape Town  30% perform at grade level
  6. 6. About us7  Established by 3 Professors of Economics at MIT, now a network of 70 researchers throughout the world  Specialise in randomized evaluations to help fill knowledge gap about what works  334 completed or ongoing evaluations, 31 countries  Education, health, labour, finance, governance, environment  We also work closely with policymakers to translate evidence into policy  Online evidence database  Regional office for Africa, based at UCT
  7. 7. Rethinking conventional wisdom  Microfinance to help the poor help themselves  Success stories largely based on cliental numbers  Rigorous evaluation find modest benefits, only few beneficiaries  Menstruation cups to get girls to go to school  Girls skip schools often, but they do so anytime of the month  High take-up of menstruation cups, no school effects  Cookstoves and indoor air pollution  WHO estimate 2 million death pa from indoor air pollution  High improved stove, but continued to use old one and neglected maintenance  No significant health benefits
  8. 8. High impact investments  Mass in-school deworming of young children  Reduce absenteeism by 1/6, cost 50c per child per year  Long term gains into labour market entry  Inform girls about HIV prevalence rates for boys and men  Cross-generational sexual is important driver of HIV infections  Reduce teen pregnancies with older men by 65%, $1 per student.  Smart incentives for farmers  Sell farmers fertilisers immediately after harvest  Strong usage of fertilisers  Female leaders  Reservations for women in India improved service delivery

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