Labor Market Underpinnings of a Caste Economy | Zendy

Scoville James G | Zendy

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Labor Market Underpinnings of a Caste Economy

Author(s) -

Scoville James G

Publication year - 1996

Publication title -

american journal of economics and sociology

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.199

H-Index - 38

eISSN - 1536-7150

pISSN - 0002-9246

DOI - 10.1111/j.1536-7150.1996.tb02636.x

Subject(s) - caste , endogamy , coase theorem , economics , labor market segmentation , competition (biology) , legalization , market economy , neoclassical economics , labour economics , economic system , sociology , microeconomics , political science , law , transaction cost , demography , population , ecology , wage , biology

A bstract . Previous modellings by Akerlof and Scoville of a caste based economy, exemplified historically by India —in which occupations are hereditary, compulsory, and endogamous—are reviewed and contrasted, Coase/North arguments are advanced about the possible bases for labor market segmentation which would render such a caste‐type system immune to erosion by labor market competition. Historical and contemporary evidence is presented to support these arguments.

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