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Economists are increasingly interested in subjective well-being, but the economic literature on perceptions of income … between caste identity and actual earnings. We find that caste identity does shape both perceptions of income adequacy as well …
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A large number of empirical studies have investigated the link between social status and happiness, yet in observational data identification challenges remain severe. This study exploits the fact that in India people are assigned a caste from birth. Two identical surveys of household heads (each...
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, the higher the individual earnings, buying power, income level and standard of living is, which also results into a …
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