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The Role of Broad-Based Employee Ownership Opportunities in Prisoner Reentry

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  • Robynn Cox

Abstract

This research investigates the relationship between Employee Stock Ownership Plans (ESOPs) and criminal participation as measured by arrests, conviction, and incarceration among formerly incarcerated individuals. Using the 1997 National Longitudinal Survey of Youth, I find that formerly incarcerated individuals with ESOP employment are significantly less likely to be arrested, convicted, and incarcerated. This effect likely operates through improvement in labor market outcomes: formerly incarcerated ESOP employees earn approximately 25 percent more in annual income and work roughly 8.8 percent more hours per week than formerly incarcerated workers who are employed but not working for an ESOP firm.

Suggested Citation

  • Robynn Cox, 2020. "The Role of Broad-Based Employee Ownership Opportunities in Prisoner Reentry," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 424-429, May.
    • Handle: RePEc:aea:apandp:v:110:y:2020:p:424-29
    DOI: 10.1257/pandp.20201114
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    File URL: https://doi.org/10.3886/E124241V1
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    More about this item

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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