Inequality in South Africa is the enduring legacy of racial discrimination. We use a dynamic perspective to show the … linkages between persistent effects of discrimination in the labour market and the efficacy of redistributive fiscal policy in …

This paper addresses a fundamental, yet unresolved, question: is statistical discrimination a market failure? I … investments. It is found that the informational problem that makes equilibrium discrimination between identical groups possible … also creates efficiency gains from discrimination in terms of reduced "mismatch" between workers and jobs. Whether the …

discrimination, group inequalities may arise even if the corresponding model with a single group has a unique equilibrium. The … dominant group gains from discrimination, rationalizing why a majority may be reluctant to eliminate discrimination. The model … is also consistent with "reverse discrimination" as a remedy against discrimination since it may require to decrease the …

equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …

refined equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory …

equilibrium always exists in our model, and that default, in conjunction with refinement, opens the door to a theory of endogenous …