The study also found that ability plateaus as wages continue to rise. Read more at straitstimes.com.
STOCKHOLM – It pays to be smart, or so the saying goes. But the biggest earners may not be the workers who are the brainiest, according to one recent Swedish study.
Beyond that point, the study found that ability plateaus as wages continue to rise. And earners in the top 1 per cent score slightly worse than those in the income tier directly below them. “Extreme occupational success is more likely driven by family resources or luck than by ability,” the authors added.
Women and immigrants were not included in the study because military service was not mandatory for those groups between 1971-1977 and 1980-1999, when the initial data were recorded.
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