Statistical discrimination using gender and age:
A)is legal in the insurance market, but not the job market.
B)is legal in the job market, but not the insurance market.
C)is legal in any market.
D)is illegal in any market.

Question

Quizplus · Accepted Answer

Statistical discrimination based on gender and age is generally allowed in the insurance market because these factors can statistically predict risk, which is essential for setting premiums. However, it is illegal in the job market as it violates anti-discrimination laws.

Statistical Discrimination Using Gender and Age