discrimination economics

Discrimination economics studies how individual or group biases—such as race, gender, or age—affect economic decisions like hiring, wages, or access to services. It explores how discriminatory practices can lead to unequal opportunities and outcomes, often resulting in economic inefficiencies. For example, when employers avoid hiring qualified candidates based on bias, it can reduce productivity and growth. The field also examines policies and market forces that can reduce discrimination, promoting fairer and more efficient economic systems. Ultimately, it highlights how prejudice can negatively impact both individuals and the economy as a whole.