'Technology' plays large role in wealth inheritance

Saturday, October 31, 2009 - 09:28 in Mathematics & Economics

A new study reveals the important role inherited wealth plays in sustaining economic inequality in small scale societies. A team of 26 anthropologists, statisticians, and economists based at the Santa Fe Institute in New Mexico amassed an unprecedented data set allowing 43 estimates of a family's wealth inheritance and found that financial inequality among populations largely depends on the 'technologies' that produce a people's livelihood...

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