with his assessment that hair loss affects your employability.
http://www.stlouisfed.org/publications/ ... ances.html
The article does not outline per se that hair loss is a contributing factor but I think the assumption is valid given that hair loss depreciates your looks.
Beauty
A study by economists Daniel Hamermesh and Jeff Biddle uses survey data to examine the impact that appearance has on a person’s earnings. In each survey, the interviewer who asked the questions also rated the respondents’ physical appearance. Respondents were classified into one of the following groups: below average, average and above average.
Hamermesh and Biddle found that the “plainness penalty†is 9 percent and that the “beauty premium†is 5 percent after controlling for other variables, such as education and experience. In other words, a person with below-average looks tended to earn 9 percent less per hour, and an above-average person tended to earn 5 percent more per hour than an average-looking person. For the median male in 1996 working full-time, the respective penalty and premium amounted to approximately $2,600 and $1,400 annually. The corresponding penalty and premium for the median female worker are $2,000 and $1,100.1
One might think that for certain professions, appearance is more important. Indeed, occupations that require more interpersonal contact have higher percentages of above-average-looking employees. However, Hamermesh and Biddle showed that the plainness penalty and the beauty premium exist across all occupations.
In a separate paper, Biddle and Hamermesh investigated the influence of beauty on the wages of lawyers, using data collected from the same law school for graduating classes of 1971-78 and 1981-88. The school has photographs of each entering class, which form the basis of the study. A different panel of four observers—including one person younger than 35 and one at least 35 years old from each gender—rated the students in each class on a scale of 1 to 5, where a “5†represents the most attractive. Biddle and Hamermesh took the average of the four ratings to get an individual’s overall rating. To correct for differences among panelists, the ratings for each class were standardized.
They found evidence of a beauty premium for attorneys that increases with age, at least for the 1971-78 classes.2 Five years after graduating, a male lawyer from these classes with a beauty rating of one rank above average had approximately 10 percent higher earnings than his counterpart with a rating of one rank below average. Fifteen years after graduation, the beauty premium increased to 12 percent. The beauty premium was smaller for the 1980s classes and might be attributed to tighter labor market conditions at the time of graduation.
Differences in the beauty premium were found also between lawyers in the private sector and those in the public sector. Fifteen years after graduating, the beauty premium for private lawyers was three times that for public lawyers.
The paper also comments on weight and height within this context.
http://www.stlouisfed.org/publications/ ... ances.html
The article does not outline per se that hair loss is a contributing factor but I think the assumption is valid given that hair loss depreciates your looks.
Beauty
A study by economists Daniel Hamermesh and Jeff Biddle uses survey data to examine the impact that appearance has on a person’s earnings. In each survey, the interviewer who asked the questions also rated the respondents’ physical appearance. Respondents were classified into one of the following groups: below average, average and above average.
Hamermesh and Biddle found that the “plainness penalty†is 9 percent and that the “beauty premium†is 5 percent after controlling for other variables, such as education and experience. In other words, a person with below-average looks tended to earn 9 percent less per hour, and an above-average person tended to earn 5 percent more per hour than an average-looking person. For the median male in 1996 working full-time, the respective penalty and premium amounted to approximately $2,600 and $1,400 annually. The corresponding penalty and premium for the median female worker are $2,000 and $1,100.1
One might think that for certain professions, appearance is more important. Indeed, occupations that require more interpersonal contact have higher percentages of above-average-looking employees. However, Hamermesh and Biddle showed that the plainness penalty and the beauty premium exist across all occupations.
In a separate paper, Biddle and Hamermesh investigated the influence of beauty on the wages of lawyers, using data collected from the same law school for graduating classes of 1971-78 and 1981-88. The school has photographs of each entering class, which form the basis of the study. A different panel of four observers—including one person younger than 35 and one at least 35 years old from each gender—rated the students in each class on a scale of 1 to 5, where a “5†represents the most attractive. Biddle and Hamermesh took the average of the four ratings to get an individual’s overall rating. To correct for differences among panelists, the ratings for each class were standardized.
They found evidence of a beauty premium for attorneys that increases with age, at least for the 1971-78 classes.2 Five years after graduating, a male lawyer from these classes with a beauty rating of one rank above average had approximately 10 percent higher earnings than his counterpart with a rating of one rank below average. Fifteen years after graduation, the beauty premium increased to 12 percent. The beauty premium was smaller for the 1980s classes and might be attributed to tighter labor market conditions at the time of graduation.
Differences in the beauty premium were found also between lawyers in the private sector and those in the public sector. Fifteen years after graduating, the beauty premium for private lawyers was three times that for public lawyers.
The paper also comments on weight and height within this context.
