Neoclassical Explanations For Discrimination
Neoclassical labor economists explain the existence and persistence of discrimination based on tastes for discrimination and statistical discrimination theories. While overcrowding model moves away from neoclassical theory, the institutional models are non-neoclassical.
Read more about this topic: Employment Discrimination
Famous quotes containing the word explanations:
“Young children constantly invent new explanations to account for complex processes. And since their inventions change from week to week, furnishing the “correct” explanation is not quite so important as conveying a willingness to discuss the subject. Become an “askable parent.””
—Ruth Formanek (20th century)