Being at the top end of the income scale doesn't necessarily mean you're all that smarter than the average person, according to a new study – and those in the top 1 percent of the earnings scale score lower in cognitive ability tests than those earning...
Being at the top end of the income scale doesn't necessarily mean you're all that smarter than the average person, according to a new study – and those in the top 1 percent of the earnings scale score lower in cognitive ability tests than those earning slightly less than them.
A team of researchers from Linköping University in Sweden, the European University Institute in Italy, and the University of Amsterdam in the Netherlands say that better cognitive ability plays more of a role further down the pay scale. This is based on data from 59,387 Swedish men who completed a military conscription test aged 18 or 19. While this limits the findings in terms of nationality and gender, it still provides a relatively large sample across a variety of pay levels and occupations.
That's not to say that being clever or studying hard doesn't matter at all in terms of how much you earn –
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