In: Economics
I would like a summary for this text below as the content is related to discrimination in the housing market.please you can write the a summary and typing and not write by hand,so that I can read and understand your answer clearly.BR.
1-With the help of theories from the current chapters in Applied
Microeconomics and, if necessary, with the help of other course
literature, we report in such a way that the issues are clearly
described and in what way the study uses the theory in the
book.
Below are the issues we have used as a starting point:
What will be the expected effect on the housing market.
What trends and events have prompted the current housing
situation.
What problems can be identified around the housing market.
Based on the study and its results, can one say something about the
type of discrimination that occurs in the housing market? Both
ethnic discrimination and gender discrimination occur.
Gary Becker was one of the first economists to analyze
discrimination. Among other things, he received the Nobel Prize
(1992). In his work, as in the case of other well-known economists'
studies on discrimination, there are two theories that have played
a prominent role:
Theory 1: People have different preferences for
discrimination.
Theory 2: An individual's characteristics are not always
observable
As discrimination can create gaps between different parts of
society, it is very interesting from an economic perspective.
Connection to NEK theory from applied microeconomics:
We have intended to link discrimination with theories 1 and 2.
Theory 1 is about discrimination based on preferences, for example
that an employer prefers one gender over the other. Theory 2 is
about the individual's characteristics not always being observable
and therefore one generalizes based on the individual's group
affiliation.
The following goal formulations need to be considered and fulfilled
if we are to have a fair housing market at some point in the
future:
It can not be questioned that access to housing remains unequal.
Despite long-standing laws that protect against discrimination,
members of disadvantaged groups find it more difficult to find a
high-quality place to live in a neighborhood with high
opportunities. However, it is much less obvious whether - or how
much - these differences are due to discrimination, as
disadvantaged groups often differ systematically in employment,
income, assets and liabilities. We identify and work with proposals
on how to work against discrimination.
A good home is a human right.
The housing standard needs to be raised.
Rents need to be more fair
In this text the problems in the housing market and the causes of the current housing problem need to be addressed.The two types of discrimination in the housing market are ethnic discrimination and gender discrimination.The first economist to get nobel prize for analyzing this discrimination was Gary Becker.There are two theories of discrimination which has been mentioned in Gary Beckers's work as well as in the work of other economists.Theory one states that discrimination has different choices for people ie it is based on preferences. Eg an employer's choice of gender over another gender..Theory two states that attributes of a person cannot always be observed. From economic perspective , discrimination is very fascinating as it may lead to gap between different parts of the society.There is an association to NEK theory from applied microeconomics and discrimination has been linked with theory one and two.The generalization of the two different theories is made on the basis of a person's group affiliation.In order to have a just or equitable housing market in the future , it is necessary to formulate certain goals .In spite of regulations against discrimination ,people who are discriminated , find it difficult to find a good place to live in the close neighborhood.Discriminated people are different in income , employment status,assets , liabiliaties and so it cannot be confirmed that the difference in housing market is due to discrimination.It is the right of all people to have a proper home and so it is necessary to increase the housing standard and have rents which may be considered to be just..