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Caste Networks in the Modern Indian Economy

  • Kaivan Munshi
Chapter
Part of the India Studies in Business and Economics book series (ISBE)

Abstract

Social networks support diverse economic activities in developing countries, using the information and the social sanctions at their disposal to sustain cooperation and to solve market imperfections. In India, the natural unit around which networks would be organized is the endogamous (sub) caste or jati. Caste networks have, indeed, historically supported, and continue to support economic activity and mobility. While this provides a novel economic explanation for the persistence of caste in modern India, a balanced assessment of the contribution of these networks to growth and the macro economy must also account for the static and dynamic inefficiencies that they generate.

Keywords

Schooling Choice Insurance Network Occupational Mobility Lower Caste Commitment Problem 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer India 2016

Authors and Affiliations

  1. 1.Faculty of EconomicsUniversity of CambridgeCambridgeUK

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