Abstract
ABSTRACT This article analyzes the causes of age discrimination in the labor market, and its methodological framework is research in the area of statistical and price discrimination. The author highlights key sources of statistical discrimination against older people by showing the informational nature of these sources. In particular, an analysis is performed on discrimination caused by differences in group-average indicators and differences in the dispersions of within-group indicators. The article also reviews monopsonic discrimination and analyzes factors affecting employers’ monopoly power over employees in the older age group. It also considers the effect of statistical discrimination on monopsonic discrimination and shows the interaction between the specificity of the human capital of the older worker and the monopsony of the employer. Finally, it concludes that the statistical discrimination of older workers is amplified by introduction of administrative measures to fight discrimination.
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