Hmm I'm afraid I have no idea.  I do know that for some people, hair loss causes psychological distress.
It's a lot scarier for women though, I think, it can cause psychological distress.
Do you know it is believed that people with beards are extremely smart. That's interesting.  Apparently, only adult or pubescent males can grow beards. Hmm okay.  Is there any variation when it comes to facial hair, amongst different races? Yes there is!  As far as less facial hair, some east Asians, as well as indigenous Americans have that trait.  And Ainu, South Asian and European races have more. I would think so. But, you also hear bald men are also smart. I wonder why no hair assumptions correlate with women.
Hair loss in some people causes psychological distress.