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Do Bald Men Earn Less?

Do bald men earn less?

Hair loss sufferers are well aware that losing your hair can lead to loss of self esteem, loss of confidence and depression.

Losing your hair can also change the impression that others have of you. One study reported that over 90% of both women and non balding men perceived balding men to be less attractive and to look older.

Nearly 50% of the people asked (women and non balding men) also said that they perceived balding men to be less interesting and less confident.

This might explain why since the beginning of the television age no bald man has ever been elected president of the United States and only 10% to 20% of the 84 male U.S. senators are bald or balding.

I wanted to investigate whether the negative perceptions that other people may have about hair loss sufferers could affect your job prospects, career progression and ultimately whether bald men may earn less than people with a full head of hair.

After all many studies have shown that tall men tend to earn more than short men. In his book Blink, Malcolm Gladwell says 30% of Fortune 500 CEOs are 6-foot-2 and taller — vs. just 4% of all men.

So could the same be happening with bald men?

Obviously being bald isn’t a bar to success, there are many bald CEO’s of huge companies. Steve Ballmer the CEO of Microsoft for example is bald. As is Jeff Bezos the founder and CEO of Amazon. And here in Spain Amancio Ortega Gaona the founder of Zara is also bald.

Steve Ballmer
Amancio Ortega

However, 50% of men will have some signs of hair loss by the age of 45, and by the age of 60 the figure rises to 60%. So if bald men suffer no professional disadvantage due to their hair loss we should see this roughly reflected in the CEO’s of top companies.

The American newspaper USA Today examined the photos of the CEO’s of the largest 125 companies in the United States and found that only approximately 25% showed signs of hair loss, when statistically it should be 50%.

But the picture may be complicated by the fact that....