Current:Home > ScamsBenjamin Ashford|Can having attractive parents increase your chances of getting rich? -Wealth Evolution Experts
Benjamin Ashford|Can having attractive parents increase your chances of getting rich?
SignalHub Quantitative Think Tank Center View
Date:2025-04-06 22:09:57
The Benjamin Ashfordoffspring of physically attractive parents tend to earn more money over the course of their working lives than kids with regular-looking or unattractive parents, a new study finds.
In other words, good-looking parents are more likely to have wealthier children, researchers state in "The Economic Impact of Heritable Physical Traits: Hot Parents, Rich Kid?" from the National Bureau of Economic Research. More specifically, the children of parents identified as attractive earn $2,300 more per year than those with average-looking parents.
"The purpose was to ask the question, 'How much does my parents' beauty, or lack thereof, contribute to my beauty, and does that feed into how I do economically?'" labor economist Daniel S. Hamermesh, a co-author of the study, told CBS MoneyWatch.
Hamermesh is also the author of the book "Beauty Pays: Why Attractive People Are More Successful."
"Good-looking parents make more money — the effects of looks on money have been shown countless times," Hamermesh added "Their beauty affects their income, and they pass that income-earning ability down to their kids."
To be sure, and as social scientists themselves acknowledge, physical attractiveness doesn't determine financial destiny, nor guarantee higher pay or professional success in general. Beauty is famously in the eye of the beholder, while gendered and evolving beauty standards complicate the effort to identify possible links between how you look and what you earn. The study was also limited by its reliance mostly on mothers' appearance given a general lack of data on fathers' looks.
Yet ample research has, in fact, shown at least a correlation between a person's physical traits and, for example, the likelihood to get promoted at work. Relatedly, and as the new study notes, researchers have long documented a link between height and weight and earnings.
"Differences in beauty are just one cause of inequality among adults that arise from partly heritable physical traits," the NBER study states.
A parent's looks can increase a child's earnings both directly and indirectly, Hamermesh and co-author Anwen Zhang, a senior lecturer in economics at the University of Glasgow, write. First, and most simply, being born to attractive parents increases the odds of inheriting good looks, which can help on the professional front. Second, higher-income parents can pass on more wealth to their children.
The study also seeks to pinpoint precisely how much inequality the appearance factor can create. Over the course of a career, it can amount to over $100,000 more in earnings for kids of attractive parents. Again, this isn't an iron law, and is subject to many variables.
"But in general, if you take a pair of parents that are good-looking, their kid is more likely to be more good looking," Hamermesh said. "It's an issue of equality of opportunity."
Megan CerulloMegan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
veryGood! (7741)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Kirk Herbstreit calls dog's cancer battle 'one of the hardest things I've gone through'
- Jonathan Mingo trade grades: Did Cowboys get fleeced by Panthers in WR deal?
- In Maryland, competitive US House race focuses on abortion, economy and immigration
- North Carolina justices rule for restaurants in COVID
- MLB free agent rankings: Soto, Snell lead top 120 players for 2024-2025
- The Sephora Savings Event Is Finally Open to Everyone: Here Are Products I Only Buy When They’re on Sale
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, As It Stands
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Pennsylvania is home to 5 heavily contested races for the US House
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- West Virginians’ governor choices stand on opposite sides of the abortion debate
- 3-term Democrat Sherrod Brown tries to hold key US Senate seat in expensive race
- People — and salmon — return to restored Klamath to celebrate removal of 4 dams
- Louvre will undergo expansion and restoration project, Macron says
- Gigi Hadid Shares Rare Look at 4-Year-Old Daughter Khai in New Photos
- A pivotal Nevada Senate race is unusually quiet for the battleground state
- High winds – up to 80 mph – may bring critical fire risk to California
Recommendation
A White House order claims to end 'censorship.' What does that mean?
Za'Darius Smith trade grades: Who won deal between Lions, Browns?
Republican Mike Braun faces Republican-turned-Democrat Jennifer McCormick in Indiana governor’s race
Democrat Ruben Gallego faces Republican Kari Lake in US Senate race in Arizona
Questlove charts 50 years of SNL musical hits (and misses)
GOP Reps. Barr and Guthrie seek House chairs with their Kentucky reelection bids
Massachusetts voters weigh ballot issues on union rights, wages and psychedelics
Prince's Sister Tyka Nelson Dead at 64