The Role of Broad-Based Employee Ownership Opportunities in Prisoner Reentry
- (pp. 424-29)
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.Citation
Cox, Robynn. 2020. "The Role of Broad-Based Employee Ownership Opportunities in Prisoner Reentry." AEA Papers and Proceedings, 110: 424-29. DOI: 10.1257/pandp.20201114Additional Materials
JEL Classification
- J22 Time Allocation and Labor Supply
- J31 Wage Level and Structure; Wage Differentials
- J54 Producer Cooperatives; Labor Managed Firms; Employee Ownership
- K42 Illegal Behavior and the Enforcement of Law