How much is working in finance worth?
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).
| January 7, 2011; 6:25 PM ET
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