Garret Jones, an economist at George Mason University, has written an excellent new book: Hive Mind: How Your Nation’s IQ Matters So Much More Than Your Own. He stumbled across an interesting paradox in the data: your own IQ matters a lot less than the average IQ of the nation you live in. In one study he cites, researchers in Wisconsin had several thousand male high school graduates take an IQ test. When the researchers followed up with these folks when they were 53-years-old, the folks with IQs in the top 10% made ~60% more than folks with IQs in the bottom 10%. Nations with average IQs in the top 10%, meanwhile, make ~800% more than nations with average IQs in the bottom 10%. If this paradox interests you, you should buy this book. Jones writes very clearly, and he has a knack for explaining various economist-built economics models.
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