Business success and businesses' beauty capital
AbstractWe examine whether a difference in pay for beauty is supported by different productivity of people according to looks. Using a sample of advertising firms, we find that those firms with better-looking executives have higher revenues and faster growth than do otherwise identical firms whose executives are not so good-looking. The impact on revenue far exceeds the likely effect of beauty on the executives' wages. This suggests that their beauty creates firm-specific investments, in the form of improved relationships within work groups, the returns to which are shared by the firm and the executive.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 67 (2000)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
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