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ERIC Number: EJ1001836
Record Type: Journal
Publication Date: 2013
Pages: 10
Abstractor: As Provided
Reference Count: 0
ISSN: ISSN-0160-2896
Allocation of Talent in Society and Its Effect on Economic Development
Strenze, Tarmo
Intelligence, v41 n3 p193-202 May-Jun 2013
Several studies in psychology and economics have demonstrated that the average cognitive ability (talent) of people living in a society affects the economic development of the society. There is, however, reason to expect that the economic development of societies depends not just on the average level of talent but also on the allocation of talent in society--societies that allocate people with different talents more efficiently should be more successful in economic terms. Efficient allocation of talent means that people with higher ability do jobs of higher complexity. The present paper constructed several measures of allocation of talent and analyzed their effect on the economic growth rate of countries and U.S. states. Overall, the analyses support the idea that the countries and states that have a better allocation of talent exhibit higher levels of economic growth. (Contains 3 tables.)
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A