how social status affect economical status?
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Social status is a social reward that affects the incentive structure facing individuals.
The choice of occupation is affected by the social status associated with different occupations,establishing a link between social status,the equilibrium wage structure and the allocation of workers among ocuupations.........
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The choice of occupation is affected by the social status associated with different occupations,establishing a link between social status,the equilibrium wage structure and the allocation of workers among ocuupations.........
HOPE THAT ANSWER HELPS U
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