Thursday, October 17, 2019 | ePaper

Self-control may determine future earning

  • Print
Life Desk :
If you have self-control over the desire to get instant benefits, then you are more likely to earn higher income later, finds a study. In the study, researchers from Temple University in Pennsylvania, US, used artificial intelligence to rank the most important determinants of future affluence.
They found education and occupation were the best predictors. But, people with greater self-control to delay instant gratification or with the ability to discount the value of future rewards compared to immediate ones, were more likely to have higher salaries later in life, beating age, race, ethnicity and height, said researchers, in the paper published in Frontiers in Psychology.
"If you want your child to grow up to earn a good salary, consider instilling in them the importance of passing on smaller, immediate rewards in favour of larger ones that they have to wait for," said lead author William Hampton from the University of St. Gallen in Switzerland. "This is probably easier said than done, as very few people naturally enjoy waiting, but our results suggest that those who develop the ability to delay gratification are likely investing in their own earning potential," he added.
The study collected a large amount of data - from more than 2,500 diverse participants - and split them into a training set and a test set. The models indicated that occupation and education were the best predictors of high income, followed by location (as determined by zip code) and gender - with males earning more than females.
Time to start saving up then.

- IANS | New York

More News For this Category

Danger of relying on intuition

Robert Smither :Earlier this year Business Week profiled Marc Benioff, CEO of Salesforce, a company with annual revenues of $13 billion.  Benioff, who describes himself as being "quite spiritual,"

Abnormal Uterine Bleeding

Abnormal Uterine Bleeding

Prof Dr Hamida Begum :A toddler by the age of 10-14 years when gradually becomes an adolescent (teen age) -then various changes occur in her body (physical) and mind

It's Not Easy Being Green

It's Not Easy Being Green

Allison Kelly :We are bombarded with so many terrible things facing our world that if you're anything like me, it's easy to feel overwhelmed. The planet is warming at

Mass Shootings, Guns and Suicide

Mass Shootings, Guns and Suicide

Brendan Kelly :Last August, at least 31 people died in the US following mass shootings in Dayton, Ohio, and El Paso, Texas. In response, President Donald Trump announced that

The Positives of Dyslexia

The Positives of Dyslexia

Robert Chapman :Dyslexia is typically framed through a medical-deficit model. Take the following definition: "Dyslexia is a specific learning disability that is neurobiological in origin. It is characterized by

Skills for future success in business

Marcia Reynolds :Technology has changed how we communicate and will continue modifying what we call effective communication. Many of our connections will be virtual; the use of video platforms

Age-Gap Romance: Recipe for Stigma or Success?

Age-Gap Romance: Recipe for Stigma or Success?

Wendy L. Patrick :We have all seen them, or met them: couples that are obviously from two different generations. When we are introduced, the visual mismatch may leave us

Curing Cancer, Curing CancerPhobia

Curing Cancer, Curing CancerPhobia

David Ropeik :September is cancer awareness month for advocates promoting concern about leukemia and lymphoma, childhood, gynecological, ovarian, prostate and thyroid cancers. Those honourable advocates are driving home the

Working for a cause

Working for a cause

Katharine Brooks :From all the headlines these days, it seems like everyone has a cause-a significant area of passion, interest, or concern. And whether your concerns center on children,

Shield the heart before it attacks you

Shield the heart before it attacks you

Prof. Dr. Gobinda Chnadra Das :This year, the World Heart Day ihas been observed on Sept 29 in Bangladesh along with other parts of the world. The World Heart