Experience Stern | Faculty & Research

Excerpt from The New York Times -- "Thomas Philippon, a finance professor at New York University’s Stern School of Business, is another academic who has studied the role of finance in the economy. In a November 2012 article in The Quarterly Journal of Economics, Mr. Philippon and Ariell Reshef, an economist at the University of Virginia, reported on wages in the United States financial industry from 1909 to 2006. Among their findings: Finance accounted for 15 to 25 percent of the overall increase in wage inequality between 1980 and 2006."

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