Journal
FAMILIES IN SOCIETY-THE JOURNAL OF CONTEMPORARY SOCIAL SERVICES
Volume 103, Issue 2, Pages 135-150Publisher
SAGE PUBLICATIONS INC
DOI: 10.1177/10443894211023062
Keywords
poverty; vulnerable; marginalized populations; qualitative research; racial wealth gap; employee ownership
Categories
Funding
- W.K. Kellogg Foundation [P3031668]
- Institute for the Study of Employee Ownership and Profit Sharing, School of Management and Labor Relations, Rutgers University
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The study finds that employee ownership has a positive impact on wealth accumulation, advancement opportunities, and family economic security among Black employees and other marginalized populations. The study also highlights policy and practice implications to advance employee ownership in addressing racial wealth inequality.
Policies and practices of the 19th and 20th centuries have had a lasting impact into this century. This is most evident when examining racialized wealth inequality between Black and White families. This study of low-income employee owners examines the following questions: (1) Does employee ownership reduce the racial wealth gap? (2) How does employee ownership reduce the racial wealth gap, and (3) To what effect does employee ownership reduce the racial wealth gap? Findings indicate employee ownership impacts wealth building, advancement opportunities, and family economic security among Black employees and other marginalized populations. Policy and practice implications to advance employee ownership to address racial wealth inequality are highlighted.
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