HT: Phil Hill
Nature versus nurture
26 Dec 2014 Leave a comment
in human capital, labour economics, welfare reform Tags: child rearing
HT: Phil Hill
How Your Face Shapes Your Economic Chances – The Atlantic
23 Dec 2014 Leave a comment
in labour economics, personnel economics, population economics, survivor principle Tags: economics of beauty
Attractive CEOs raise their company’s stock price when they first appear on television, according to a working paper by Joseph T. Halford and Hung-Chia Hsu at the University of Wisconsin.
Taller people are richer. In fact, every inch between 5’7” and 6 feet is “worth” about 2 percent more in average annual earnings.
Being better looking than at least 67 percent of your peers is worth about $230,000 over your lifetime.
Having blond hair is worth as much as a year of school—for women.
Being an obese white woman is particularly punishing for your potential lifetime earnings.
via How Your Face Shapes Your Economic Chances – The Atlantic.
What Are The Hardest Languages To Learn? | Voxy Blog
23 Dec 2014 Leave a comment
in economics of education, economics of media and culture, human capital, labour economics Tags: languages
Is there a Republican in the house? The political bias of psychologists
21 Dec 2014 Leave a comment
in labour economics, occupational choice, personnel economics Tags: academic bias, intellectual
The rise of the working rich among the top 0.1% in the USA
19 Dec 2014 Leave a comment
in applied welfare economics, economic history, entrepreneurship, politics - USA, poverty and inequality
Source: “Income Inequality in the United States, 1913-1998” with Thomas Piketty, Quarterly Journal of Economics, 118(1), 2003, 1-39
(Tables and Figures Updated to 2012 in Excel format, September 2013) via Chad Jones
Before 1940, most of the income of the top 0.1% of income earners in the USA was income from investments.
By the end of the 20th century, the top 0.1% were earning their incomes as wages and salaries, business incomes and capital gains. Very little of that income of the top 0.1% was in the form of passive income from capital. The top 0.1% of the USA are now working rich – entrepreneurs.
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