Are the most effective paid and most prestigious jobs occupied by extremely smart people? Earlier research present that profession success will increase with cognitive potential, however don’t look at how, conversely, potential varies with profession success. Stratification theories counsel that social background and cumulative benefit dominate cognitive potential as determinants of excessive job success. This leads us to hypothesize that amongst comparatively excessive performers, common potential is concave when it comes to revenue and status. We depend on Swedish registry information containing measures of cognitive potential and labor market success for 59,000 males who handed a compulsory navy conscription take a look at. Strikingly, we discover that the connection between potential and wage is robust total, however that above $60,000 per yr potential caps off at a modest stage of +1 customary deviation. The highest 1% even rating barely decrease in cognitive skills than these within the revenue strata just under them. We see the same however much less pronounced capping of skills at excessive skilled status.
It is from a new paper by Marc Keuschnigg, Arnout van de Rijt3 and Thijs Bol.
By way of Steve Stewart-Williams.
The publish Cognitive Potential Capping Amongst Highest Payers appeared first on Marginal REVOLUTION.
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