Labor market underpinnings of a caste economy: foiling the coase theorem.
From: The American Journal of Economics and Sociology
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Date: 10/1/1996
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Author: Scoville, James
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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Past Modellings of Labor Market ...
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