1 Discrimination in the Credit and Housing Markets: Findings and Challenges

Economics all too seldom provides straightforward guidelines for designing and analyzing statistical materials on subjects of great social importance. Since the economic theory of discrimination does provide a simple approach, it is too bad that studies of whether banks discriminate in mortgage lending have not utilized these insights. – Gary Becker (1993, P. 18) Eventually, even the definition of discrimination comes to mean different things to blacks and whites