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Wouldn't the trend towards fewer children and smaller families decrease the dissipative effect? In the extreme case of a "one child" policy, inheritance would
by nugget 9y ago
Wouldn't the trend towards fewer children and smaller families decrease the dissipative effect? In the extreme case of a "one child" policy, inheritance would be amplified because the wealth of both parents (and presumably four sets of grandparents) would flow to a single individual. Similar to assortive mating, if wealthier families had fewer children relative to poorer families, then this would worsen inequality over time.
- rabidrat 9y agoOften stated as "the rich get richer and the poor have children".