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Banks, Insurance Companies, and Discrimination 1
Author(s) -
BLOCK WALTER,
SNOW NICHOLAS,
STRINGHAM EDWARD
Publication year - 2008
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/j.1467-8594.2008.00326.x
Subject(s) - false accusation , business , profit (economics) , actuarial science , insurance policy , price discrimination , racism , public health insurance , finance , health insurance , economics , law , political science , marketing , microeconomics , health care
This article examines some of the reasons why banks and insurance companies have been accused of discrimination, and shows that this is by and large a false accusation. Economic analysis demonstrates that racial discrimination is not a profit‐maximizing strategy. Actually, unwise public policies are actually precluding many consumers from the market.