Individuals who were formerly incarcerated often face great difficulty in re-entering the labor market after incarceration. A multi-pronged approach—inclusive of effective policies aimed at building workers’ skills, communicating their work-readiness to employers, and promoting robust labor markets for low-skilled workers—is necessary for improving employment outcomes for workers with criminal records. In addition, it is important to consider the potential unintended consequences of regulations that restrict information available to employers.
Recently, private prisons have become the focus of considerable attention. This economic analysis explores the growth of the private prison industry and provides an economic framework for evaluating them.