'Technology' plays large role in wealth inheritance

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.

Read the whole article on Physorg

More from Physorg