Nancy Wiefek, Corey Rosen
New Research Highlights Potential Benefits of ESOPs for the Formerly Incarcerated
Timely research published by the American Economic Review conducted by Professor Robynn Cox at USC adds additional evidence of the potential for ESOPs to address income and wealth inequality. Her paper “The Role of Broad-Based Employee Ownership Opportunities in Prisoner Reentry” uses data from the National Longitudinal Survey that has followed a cohort of almost 9,000 individuals since 1997 through 17 waves of surveys. These data have previously been used by the NCEO to document the positive impact of ESOPs on lower wage workers and workers of color. (See our own research stemming from the same cohort at www.ownershipeconomy.org.)
