publication . Book . Part of book or chapter of book . Research . 2016

Caste System

I Clement;
Open Access
  • Published: 01 Dec 2016
  • Publisher: Washington, DC: World Bank
  • Country: United States
In standard economics, individuals are rational actors and economic forces undermine institutions that impose large inefficiencies. The persistence of the caste system is evidence of the need for psychologically more realistic models of decision-making in economics. The caste system divides South Asian society into hereditary groups whose lowest ranks are represented as innately polluted. After the historical encounter between colonial powers and South Asia, caste became capable of expressing and systematizing what had been diverse forms of social identity, community, and organization. This paper reviews work that estimates the economic costs of the caste system...
free text keywords: culture, discrimination, endogamy, stereotype threat, social identity, psychology, institutions, behavioral economics, Genealogy, Sociology, Caste
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