Economic models can explain patterns of discrimination from "summary" of The Economics of Poverty and Discrimination by Bradley R. Schiller
Economic models provide a framework for understanding discrimination by examining how individuals and firms make decisions based on costs and benefits. These models help us explain why discrimination persists despite laws and social norms that condemn it. For example, employers may discriminate against certain groups if they believe that doing so will increase profits by attracting a more desirable customer base. This decision is rational from an economic standpoint, as firms are motivated by the pursuit of profit. Moreover, economic models can shed light on the role of statistical discrimination in perpetuating inequality. Statistical discrimination occurs when individuals are treated differently based on group characteristics rather than individual attributes. For instance, employers may assume that m...
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