The High Budgetary Cost of Incarceration
AbstractWe use Bureau of Justice Statistics data to estimate that, in 2008, the United States had between 12 and 14 million ex-offenders of working age. Because a prison record or felony conviction greatly lowers ex-offenders’ prospects in the labor market, we estimate that this large population lowered the total male employment rate that year by 1.5 to 1.7 percentage points. In GDP terms, these reductions in employment cost the U.S. economy between $57 and $65 billion in lost output.
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Bibliographic InfoPaper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2010-28.
Length: 24 pages
Date of creation: Nov 2010
Date of revision:
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incarceration; ex-offenders; ex-felons; employment; labor; economics; prisoners;
Other versions of this item:
- E - Macroeconomics and Monetary Economics
- H - Public Economics
- K - Law and Economics
- K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
- J - Labor and Demographic Economics
- J1 - Labor and Demographic Economics - - Demographic Economics
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- J7 - Labor and Demographic Economics - - Labor Discrimination
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- Holzer, Harry J & Raphael, Steven & Stoll, Michael A, 2006. "Perceived Criminality, Criminal Background Checks, and the Racial Hiring Practices of Employers," Journal of Law and Economics, University of Chicago Press, vol. 49(2), pages 451-80, October.
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DICE Discussion Papers
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- John Schmitt & Janelle Jones, 2012. "Long-term Hardship in the Labor Market," CEPR Reports and Issue Briefs 2012-09, Center for Economic and Policy Research (CEPR).
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