Valuing Diversity
This paper explores the economics of diversity-enhancing policies. A model is proposed in which heterogeneous agents, distinguished by skill level and social identity, purchase productive opportunities in a competitive market. We analyze policies designed to raise the status of a disadvantaged ident...
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| Veröffentlicht in: | The Journal of political economy 2013-08, Vol.121 (4), p.747-774 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
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| container_end_page | 774 |
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| container_issue | 4 |
| container_start_page | 747 |
| container_title | The Journal of political economy |
| container_volume | 121 |
| creator | Fryer, Roland G. Loury, Glenn C. |
| description | This paper explores the economics of diversity-enhancing policies. A model is proposed in which heterogeneous agents, distinguished by skill level and social identity, purchase productive opportunities in a competitive market. We analyze policies designed to raise the status of a disadvantaged identity group. When agent identity is contractible, efficient policy grants preferred access to slots but offers no direct assistance for acquiring skills. When identity is not contractible, efficient policy provides universal subsidies to skill development when the fraction of the disadvantaged group at the skill development margin is larger than their share at the slot assignment margin. |
| doi_str_mv | 10.1086/671180 |
| format | Article |
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A model is proposed in which heterogeneous agents, distinguished by skill level and social identity, purchase productive opportunities in a competitive market. We analyze policies designed to raise the status of a disadvantaged identity group. When agent identity is contractible, efficient policy grants preferred access to slots but offers no direct assistance for acquiring skills. When identity is not contractible, efficient policy provides universal subsidies to skill development when the fraction of the disadvantaged group at the skill development margin is larger than their share at the slot assignment margin.</description><subject>Affirmative action</subject><subject>Agency theory</subject><subject>Allocative efficiency</subject><subject>Competitiveness</subject><subject>Economic models</subject><subject>Economic policy</subject><subject>Economic theory</subject><subject>Government subsidies</subject><subject>Investment rates</subject><subject>Investment subsidies</subject><subject>Laissez faire</subject><subject>Market efficiency</subject><subject>Market prices</subject><subject>Political economy</subject><subject>Productivity</subject><subject>Skill development</subject><subject>Skills</subject><subject>Social identity</subject><subject>Studies</subject><subject>Tax policy</subject><subject>Tax subsidies</subject><issn>0022-3808</issn><issn>1537-534X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><recordid>eNqNkVtLwzAYhoMobk4F_4AIiuymmkNz2I0g8wgDb4Z4F9I03Tq6pibtYP_ejM5NBdHc5CIPT97vewE4RvAKQcGuGUdIwB3QRZTwiJL4bRd0IcQ4IgKKDjjwfgbDQZDsgw6mFFMsYBecvKqiycvJ2V2-MM7n9fIQ7GWq8OZofffA-OF-PHyKRi-Pz8PbUaSpQHWEdJJyahLBYqWFGiSQpJDr1BBNGMWJIFhDbpDI2EAbimAqMhIoZZBJ0pj0wE2rrZpkblJtytqpQlYunyu3lFbl8vtLmU_lxC5kjBmPOQ-C_lrg7HtjfC3nudemKFRpbOMlEoSysBZG_0bjmGEOORMBPf-BzmzjyrCIQAUhETFZhb9sKe2s985km9wIylUfsu0jgKdfp9xgnwUE4KIFGj3NtZrYyhnvt59uPP1_YLJKs-0EM19b91uwD0kIqO0</recordid><startdate>20130801</startdate><enddate>20130801</enddate><creator>Fryer, Roland G.</creator><creator>Loury, Glenn C.</creator><general>University of Chicago Press</general><general>University of Chicago, acting through its Press</general><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope><scope>7X8</scope><scope>5PM</scope></search><sort><creationdate>20130801</creationdate><title>Valuing Diversity</title><author>Fryer, Roland G. ; Loury, Glenn C.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c581t-1cbd75eb864ac8a9b03d07cde3c3652b832c07e18f69ce510d8f39b0ae1ebd43</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Affirmative action</topic><topic>Agency theory</topic><topic>Allocative efficiency</topic><topic>Competitiveness</topic><topic>Economic models</topic><topic>Economic policy</topic><topic>Economic theory</topic><topic>Government subsidies</topic><topic>Investment rates</topic><topic>Investment subsidies</topic><topic>Laissez faire</topic><topic>Market efficiency</topic><topic>Market prices</topic><topic>Political economy</topic><topic>Productivity</topic><topic>Skill development</topic><topic>Skills</topic><topic>Social identity</topic><topic>Studies</topic><topic>Tax policy</topic><topic>Tax subsidies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Fryer, Roland G.</creatorcontrib><creatorcontrib>Loury, Glenn C.</creatorcontrib><collection>PubMed</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>MEDLINE - Academic</collection><collection>PubMed Central (Full Participant titles)</collection><jtitle>The Journal of political economy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Fryer, Roland G.</au><au>Loury, Glenn C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Valuing Diversity</atitle><jtitle>The Journal of political economy</jtitle><addtitle>J Polit Econ</addtitle><date>2013-08-01</date><risdate>2013</risdate><volume>121</volume><issue>4</issue><spage>747</spage><epage>774</epage><pages>747-774</pages><issn>0022-3808</issn><eissn>1537-534X</eissn><coden>JLPEAR</coden><abstract>This paper explores the economics of diversity-enhancing policies. 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| ispartof | The Journal of political economy, 2013-08, Vol.121 (4), p.747-774 |
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| language | eng |
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| source | Jstor Complete Legacy; University of Chicago Press Journals (Full run); EBSCOhost Business Source Complete |
| subjects | Affirmative action Agency theory Allocative efficiency Competitiveness Economic models Economic policy Economic theory Government subsidies Investment rates Investment subsidies Laissez faire Market efficiency Market prices Political economy Productivity Skill development Skills Social identity Studies Tax policy Tax subsidies |
| title | Valuing Diversity |
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