Abstract:Status systems bring social order to markets, but they are non-meritocratic arrangements that benefit those of a higher status and penalize those of a lower status. Paradoxically, these systems are also maintained by those who suffer the most from their inequalities. The literature tends to explain the persistence of these systems through macro-oriented or micro-oriented mechanisms. We propose an alternative path by investigating relational mechanisms that might explain the persistence of this paradox. In an h… Show more
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