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Empirical findings that minorities typically attain lower economic status than majorities and that relatively larger minorities perform worse than smaller ones pose a challenge to economics. To explain this scale puzzle, I model an economy where the society is bifurcated into two social groups...
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and a regulator that disciplines them to build a reputation for strict enforcement. We show that when the regulator has …
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Gender inequality in several social structures of society is a long-standing issue. A more prevalent problem is the imbalance in leadership between males, females, and other communities. However, the statistics show a positive trend toward equality over the past few years, as more organizations...
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