Do You Have to Be Smart to Be Rich? The Impact of IQ on Wealth, Income and Financial Distress

Autor/in	Zagorsky, Jay L.
Titel	Do You Have to Be Smart to Be Rich? The Impact of IQ on Wealth, Income and Financial Distress
Quelle	In: Intelligence, 35 (2007) 5, S.489-501 (13 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0160-2896
DOI	10.1016/j.intell.2007.02.003
Schlagwörter	Probability; Income; Financial Problems; Credit (Finance); Intelligence Quotient; Baby Boomers; Statistical Analysis; Intelligence Tests; Money Management; National Longitudinal Survey of Youth + Suchen Sie Ihr Suchwort? Wahrscheinlichkeitsrechnung; Wahrscheinlichkeitstheorie; Einkommen; Credit; Kredit; Intelligenzquotient; Statistische Analyse; Intelligence test; Intelligenztest
Abstract	How important is intelligence to financial success? Using the NLSY79, which tracks a large group of young U.S. baby boomers, this research shows that each point increase in IQ test scores raises income by between $234 and $616 per year after holding a variety of factors constant. Regression results suggest no statistically distinguishable relationship between IQ scores and wealth. Financial distress, such as problems paying bills, going bankrupt or reaching credit card limits, is related to IQ scores not linearly but instead in a quadratic relationship. This means higher IQ scores sometimes increase the probability of being in financial difficulty. (Author).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10