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We find that an individual’s level of general intelligence increases both entrepreneurs’ and employees’ incomes to the same extent. But entrepreneurs and employees benefit differently from specific areas of intelligence. The earning power of both groups is affected positively by social and technical intelligence. Both types of intelligence render stronger returns for entrepreneurs than for employees. Mathematical intelligence is also beneficial for both groups, though only for the upper end of the mathematical intelligence distribution. Only employees benefit from clerical intelligence. Verbal intelligence does not have a strongly significant effect on earnings for either group.
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