Network News

X My Profile
View More Activity
Posted at 6:25 PM ET, 01/ 7/2011

How much is working in finance worth?

By Ezra Klein

About 40 percent more than working in anything else:

Finance scholars Thomas Philippon and Ariel Resheff have actually tried to calculate how much financial-sector workers are overpaid relative to those with similar skills in other professions. About 40%, they say. That's for the financial sector as a whole, not the fancier precincts of Wall Street. There the percentage would seem to be more along the lines of, say, 2,919% (the gap between Summers' pay at D.E. Shaw and what he made at the White House).

By Ezra Klein  | January 7, 2011; 6:25 PM ET
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: A few more notes on health-care reform
Next: When opposition to health-care reform stops being polite and starts getting scary


And to think finance is the "easy" route from Ivy Leagues....

Posted by: will12 | January 7, 2011 7:05 PM | Report abuse

And to think anyone still believes in "meritocracy." Just gotta bribe that kid into the right pre-K and then it's smooooooth sailing...

Posted by: NS12345 | January 7, 2011 8:02 PM | Report abuse

"...say, 2,919% (the gap between Summers' pay at D.E. Shaw and what he made at the White House)."

Wait a minute, I thought Federal employees were over paid. Summer's was working for peanuts! I guess we got what we paid for.

Posted by: denim39 | January 8, 2011 6:48 AM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.

characters remaining

RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company