Inheritance boom: why having rich parents may trump hard work

What is the surest way to get rich? These days, a successful career is becoming less important than being born into wealth. In most developed countries, the value of inheritances as a share of national income has surged over the last 30 years, reaching levels not seen in almost a century. The inheritocracy is on the rise. What does it mean for the future of capitalism? Hosts: Ethan Wu and Mike Bird. Guests: Salvatore Morelli of the University of Roma Tre; Michael Eriksen of Purdue University; and Claire Sweetingham, founding director of Gray & Farrar. Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.