Catherine Rampell summarizes a new study:
Incarceration reduces former inmates’ earnings by 40 percent when compared to demographically similar counterparts who have not been imprisoned, according to a new report from Pew’s Economic Policy Group and the Pew Center on the States. The report estimates that after being released, former inmates typically work nine fewer weeks a year, and their annual earnings drop to $23,500 from $39,100. Not surprisingly, given the stigmatizing effect that a criminal record can have on a job applicant’s resume, former inmates enjoy less income mobility than counterparts who did not serve time.
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