Males under the age of 25 must pay far higher auto insurance premiums than females in this
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Males under the age of 25 must pay far higher auto insurance premiums than females in this age group. How does this fact relate to statistical discrimination? Statistical discrimination implies that discrimination can persist indefinitely, while the taste‐for‐discrimination model suggests that competition might reduce discrimination in the long run. Explain the difference.
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Statistical discrimination occurs when people are judged on the basis of th...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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