The literature has typically found that the distribution of socioeconomic factors like education, labor status and income does not account for the remarkablewealth inequality disparities between countries.As a result, their different institutions and other latent factors receive all the credit....

Scholars have sought to quantify the extent of inequality which is inherited from past generations in multiple ways, including a large body of work on intergenerational mobility and inequality of opportunity. This paper makes two contributions to that broad literature. First, we show that many...