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Working Paper
Subjective returns to education

This study uses data collected from school students in Mumbai to investigate how they perceive subjective expected returns for different levels of education in an environment that includes labour market discrimination. We are particularly keen to...

Working Paper
Conspicuous consumption for social parity

The extant literature on status-signalling primarily adopts Veblen’s theory of class to caste and racial identities. This study aims to adopt a more suitable theoretical lens that is more relevant not only for class identities, but also for other...

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