The ugly truth about beautiful people

Good looking workers earn more than their average counterparts, according to U.S. study
||Last Updated: 06/02/2005

Apparently, it pays to be beautiful. A study, by economists Daniel Hammermesh and Jeff Biddle of the Federal Reserve Bank of St. Louis, found there is a beauty premium, and a plainness penalty, when it comes to income.

The study found there was a “plainness penalty” of nine per cent and a “beauty premium” of five per cent, even after controlling for variables such as education and experience, according to an article published by the Federal Reserve Bank of St. Louis’s

The Regional Economist.