Caste equality: Income disparity persists despite education, social capital

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The story "Caste equality: Income disparity persists despite education, social capital" was covered 12 hours ago by Business Standard, a news publisher based in India.

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Caste equality: Income disparity persists despite education, social capital - Business Standard

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Inequality in an economy is often a product of differences in what individuals have inherited. The obvious inheritance item relevant for explaining inequality is wealth. However, the inheritance of social status can also be a source of inequality if it becomes a dimension of relevance in the economic order.

In India, the social impact of caste status on an individual’s economic prospects is well-recognised, and reflected in affirmative actions for Scheduled Castes (SC), Scheduled Tribes (ST) and Other Backward Classes (OBC), collectively referred to as lower castes.