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It argues that younger children benefit in that they make greater progress than their peers, but supports findings that they are at a competitive disadvantage compared to their older classmates.
Also interesting:
The benefits of being younger are even greater for those who skip a grade, an option available to many high-achieving children. Compared with nonskippers of similar talent and motivation, these youngsters pursue advanced degrees and enter professional school more often. Acceleration is a powerful intervention, with effects on achievement that are twice as large as programs for the gifted. Grade-skippers even report more positive social and emotional feelings.
The last sentence especially surprised me, as it contradicts what I thought to be conventional wisdom.
The point about marriage and/or monogamy benefitting lower status males is that, in a polygynous system, all or most of the females will be having sex with the few high-status males who can provide for them and their offspring (barring rape). High-status males would have lots of sex partners and opportunities to produce offspring, low-status males would have few or none.