Good looking men earn handsome salaries
Good looks matter for male employees as a new study has found that it is worth an astounding 32,150 dollars in annual salary.
The first Australian study of the financial return for physical attractiveness found that men of above-average looks typically command 81,750 dollars compared with 49,600 dollars for men with below-average looks, the Age reported.
The authors, Melbourne University economist Jeff Borland and a former Australian National University economist, Andrew Leigh, found that the "plainness penalty" more important than the "beauty premium".
Men whose looks are rated as below average by door-to-door interviewers typically earn 26 percent less than average.
Men whose looks are rated as above average earn 22 percent more. For women the effect is smaller and harder to measure.
Dr Leigh, who is now a Labor MP said that he found it similar when he looked at the effect of politicians' appearance on their electability.
Good looks helped male candidates more than they helped women, he said.
He added that there's no such thing as the dumb-blond syndrome for men.
Men with below-average looks are 15 percent less likely than normal to be employed and are typically employed for a 9 percent lower wage.
They are also less likely to be married and less likely to be married to a woman of high income.