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Do High Salaries in Finance Hurt the Wider Economy?

Do High Salaries in Finance Hurt the Wider Economy?

AuthorL. Frésard, J. Hucker
Date19 Mar. 2018
CategoryRoundups
Do High Salaries in Finance Hurt the Wider Economy?

High salaries in the financial sector have regularly been blamed for attracting top talent to finance jobs and away from activities that are more beneficial for society. Do skilled workers actually change into the financial sector when finance salaries rise? What are the consequences of such reallocations for the economy?
 

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