Innovation contests are a great way to bring attention to important social issues, and to generate powerful ideas for bringing about positive change. AARP (formerly the American Association of Retired Persons) is using the contest format to tackle an issue that will be important to all of us as we age: the solvency of the Social Security system.
Insights from the Best and Brightest
The Policy Innovation Challenge: Social Security Adequacy and Solvency is looking for input from scholars and researchers in a wide range of disciplines, including law, political science, behavioral science, actuarial science, sociology, social work, psychology, economics, philosophy, business, and industry. Applicants are encourage to take a “big picture” perspective on the challenge of ensuring that Social Security is available for future generations. This means looking at a wide range of factors that are impacting the system, such as life expectancy, personal saving rates, the evolving workforce, etc.
Applications will be reviewed by AARP and an expert third-party review panel. Up to five applicants will be awarded up to $30,000 to continue work on their policy idea. Successful applicants will write a detailed policy paper on their policy innovation or innovations, explaining how Social Security’s solvency will be strengthened.
Review criteria will include:
- Quality of the analysis
- Clarity of presentation
- Level of innovation
- Scope or significance of population impacted
- Impact on solvency and/or adequacy
- Diversity and mix of ideas to be covered by the final project awards
- Compliance with guidelines
AARP and The Urban Institute will collaborate to assess the impact of the policy proposals. Successful applicants whose policy designs are judged to be most innovative must be able to participate in at least one public event in 2017 to announce them.
All Americans have a stake in this challenge, so stay tuned for more information on how it is progressing.
Using Challenges to Solve Complex Issues
At Skild, we love the fact that an innovation contest platform like ours can be used to channel the fun of competition into solving complex issues. That’s why we challenge ourselves to make our system powerful, flexible, and easy to use. We think of every enhancement we make to the platform as a win-win.