• Medientyp: E-Book
  • Titel: The Growth of Finance is Not Remarkable
  • Beteiligte: Brown, James R. [Verfasser:in]; Martinsson, Gustav [Verfasser:in]; Petersen, Bruce C. [Verfasser:in]
  • Erschienen: [S.l.]: SSRN, [2022]
  • Erschienen in: Swedish House of Finance Research Paper ; No. 20-27
  • Umfang: 1 Online-Ressource (59 p)
  • Sprache: Englisch
  • DOI: 10.2139/ssrn.3712477
  • Identifikator:
  • Schlagwörter: 1929-2016 ; Finanzsektor ; Branchenentwicklung ; Dienstleistungssektor ; Volkswirtschaft ; Welt ; Growth of finance ; Financial services ; High-skill services ; Finance wages ; Securities trading ; Other finance
  • Entstehung:
  • Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 9, 2022 erstellt
  • Beschreibung: An important literature emphasizes that finance grew rapidly after WWII relative to the full economy and the services sector, but these are poor benchmarks because they mask a broad structural shift from low- to high-skill services. We show that: i) finance is among the most skill-intensive service industries, ii) the evolution of the finance income share closely tracks other high-skill service industries, and iii) finance grew slower than the rest of high-skill services over the past 50 years. The rise of modern finance is not as remarkable as prior research suggests, providing context for debates about the size of finance
  • Zugangsstatus: Freier Zugang