Bank Deal: Earn 1.00% APY on an FDIC-insured savings account at Barclays Bank.
Years ago — during the first month of this site’s existence, in fact — I wrote about the fact that “good looking” people tend to earn more than others. In fact, they claimed there was a “plainness penalty” of 9% and a “beauty premium” of as much as 5%.
Given the above, it should perhaps come as no surprise that the National Bureau of Economic Research (NBER) has recently found that popularity also pays off. In fact, those in the top 10% in terms high school popularity (based on data from the Wisconsin Longitudinal Study way back in 1957) were found to command a 10% salary premium 40 years after graduation as compared to those in the bottom fifth.
Interestingly, they don’t ascribe this to any innate personality traits. Rather, they argue that those who know how to play the game in the high school tend to figure out what they need to succeed once they hit the workplace. Given the above, they suggest that schools might want to consider adding a social component to their academic training.
Of course, as with all studies of this sort, it’s very difficult to control for all possible explanatory variables. Nonetheless, it’s an interesting study with a very interesting result.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math (693)
- Dish Network Customer Service SUCKS (536)
- $8,000 Homebuyer Tax Credit (429)
- Pay Off Mortgage Early or Invest? (424)
- How to Claim the First-Time Homebuyer Tax Credit (352)
- Termite Control: Sentricon vs. Termidor (329)
- How Much Should You Pay a Babysitter? (288)
- Ethanol Blended Gas = Lower Mileage? (272)
- Reduced Credit Limits? Share Your Experience (256)
- $15,000 Homebuyer Tax Credit (242)
- Buying Furniture off the Back of a Truck (237)
- Will Mac OS X Lion Kill Quicken 2007? (191)