A multi-stage aqueous emulsion polymer, an aqueous coating composition including the emulsion polymer, and a method for providing a coating including the emulsion polymer are provided. The multistage emulsion polymer includes from 10% to 30% by wt., based on the wt. of the multistage emulsion polymer, of a first polymer shell having an acid number of from 5 to 100, the first polymer having a calculated Mn of from 1000 to 4500 and a calculated Tg of lower then 100° C.; and from 70% to 90% by wt., based on the wt. of the multistage emulsion polymer, of a second polymer core having an acid number of from 0 to one-half the acid number of the first polymer, the second polymer having a calculated Mn of greater than 20,000.