The economics of equal opportunity

Quarterly Bulletin 1996 Q3
Published on 01 September 1996

By Howard Davies, the Deputy Governor of the Bank.

The Deputy Governor of the Bank, Howard Davies, reviews the economic case for equal opportunity and examines the statistical evidence for discrimination in the British labour market. He argues that both economic theory and market logic are working in the right direction, but that there can be a case for targeted intervention by the public sector to overcome market failures.

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