The Role of Social Bonds in Facilitating Shared Investments and Resource Allocation: Addressing the “Wrong Pocket Problem” in Public Health and Healthcare

Authors: Andrew L McCart*

DOI: 10.23880/jqhe-16000437

Volume 8, Issue 2

Abstract

The "wrong pocket problem" presents a significant barrier to advancing public health and healthcare initiatives by disincentivizing investments due to misaligned financial incentives. This review explores how social bonds-encompassing trust, communication, reciprocity, and shared goals—are pivotal for fostering cross-sector collaboration and addressing these misalignments. The analysis draws on social bond theory, collaborative governance models, and network theories to highlight how social bonds facilitate resource sharing and align stakeholder incentives. Case studies, such as housing-first initiatives and opioid crisis interventions, illustrate the transformative potential of these collaborations in improving health outcomes and reducing costs. Despite these successes, gaps remain in understanding the role of informal social bonds, the sustainability of shared investments, and the variability of outcomes across contexts. This review calls for further research into innovative funding models and leadership strategies to enhance the effectiveness of social bonds in addressing systemic inefficiencies. By fostering social bonds, stakeholders can overcome financial silos, promote sustainable investments, and improve population health outcomes, advancing equity and economic efficiency in public health and healthcare systems.

Keywords: Social Bonds; Wrong Pocket Problem; Cross-Sector Collaboration; Public Health Investments; Resource Allocation

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