New Estimates on the Relationship between IQ, Economic Growth and Welfare
| Autor: | Rik Hafer |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Economic growth
Index (economics) media_common.quotation_subject 05 social sciences 050109 social psychology Experimental and Cognitive Psychology Public assistance 050105 experimental psychology Large sample Arts and Humanities (miscellaneous) Developmental and Educational Psychology Economics Production (economics) Economic welfare 0501 psychology and cognitive sciences Demographic economics Construct (philosophy) Psychology Welfare media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.2862754 |
| Popis: | Previous research has found that there is a statistically significant, positive link between country-level IQ and various measures of aggregate production, such as GDP. This study extends that analysis by estimating the relationship between IQ and a new measure of economic welfare. Developed by Jones and Klenow (2016), welfare is not a measure of spending on public assistance programs, but a theory-based empirical construct combining several metrics of economic well-being. Using this new economic welfare index for a large sample of countries (74), we find that IQ is a statistically significant (5% or better) and economically important predictor of welfare growth. A one-point increase in IQ is associated with a 4% increase in welfare growth for the average country. Our results support the view that national IQ is an important determinant of cross-country differences in economic activity and welfare. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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