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....

Based on a cross-national comparison, there is virtually no empirical relationship between the actual size of income inequality within a country and how critically people view these income differences. This finding is revealed by subjective inequality data on 23 European countries and the US....