| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w26739
|
| 来源ID | Working Paper 26739
|
| Technological Innovation and Discrimination in Household Finance |
| Adair Morse; Karen Pence
|
| 发表日期 | 2020-02-10
|
| 出版年 | 2020
|
| 语种 | 英语
|
| 摘要 | Technology has changed how discrimination manifests itself in financial services. Replacing human discretion with algorithms in decision-making roles reduces taste-based discrimination, and new modeling techniques have expanded access to financial services to households who were previously excluded from these markets. However, algorithms can exhibit bias from human involvement in the development process, and their opacity and complexity can facilitate statistical discrimination inconsistent with antidiscrimination laws in several aspects of financial services provision, including advertising, pricing, and credit-risk assessment. In this chapter, we provide a new amalgamation and analysis of these developments, identifying five gateways whereby technology induces discrimination to creep into financial services. We also consider how these technological changes in finance intersect with existing discrimination and data privacy laws, leading to our contribution of four frontlines of regulation. Our analysis concludes that the net effect of innovation in technological finance on discrimination is ambiguous and depends on the future choices made by policymakers, the courts, and firms. |
| 主题 | Financial Economics
; Financial Institutions
; Other
; Law and Economics
; Development and Growth
; Innovation and R&
; D
|
| URL | https://www.nber.org/papers/w26739
|
| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584413
|
推荐引用方式
GB/T 7714 |
Adair Morse,Karen Pence. Technological Innovation and Discrimination in Household Finance. 2020.
|
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文件名：
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w26739.pdf
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格式：
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Adobe PDF
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