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STEREOTYPES, IMPERFECT-INFORMATION THEORIES, AND STATISTICAL DISCRIMINATION IN LABOR MARKETS.
註釋Essay I then models the efficiency implications of statistical discrimination. Although stereotypical information costlessly increases the accuracy of employers' productivity predictions, it does not necessarily increase total output over a world that ignores group information. One source of inefficiency is through labor supply allocations--lowering one group's wage may discourage its able workers more than raising another group's wage encourages its able workers. Second, firms may choose to capture the