“…In some cases, reservations have led to better outcomes for lower castes (Bagde et al., 2016; Khanna, 2020). Research on the persistence of caste has emphasized its important role in marriage and family organization (Banerjee et al., 2013; Bidner & Eswaran, 2015; Hortacsu et al., 2019), job networks (Munshi & Rosenzweig, 2016), discrimination against lower castes in labor markets (Ito, 2009; Siddique, 2011), risk and insurance (Mobarak & Rosenzweig, 2013), and other forms of information dissemination (Bönte & Filipiak, 2012). All of these point to the importance of caste and why or how it is valuable; they do not, however, quantify how much someone may pay for that value.…”