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@techreport{NBERw14644,
title = "Wages and Human Capital in the U.S. Financial Industry: 1909-2006",
author = "Thomas Philippon and Ariell Reshef",
institution = "National Bureau of Economic Research",
type = "Working Paper",
series = "Working Paper Series",
number = "14644",
year = "2009",
month = "January",
URL = "http://www.nber.org/papers/w14644",
}

Via http://krugman.blogs.nytimes.com/2009/04/07/the-financial-factor/

Krugman especially likes this graph:

but other data are also noteworthy

Date: 2009-04-07 10:41 pm (UTC)
From: [identity profile] daniilm.livejournal.com
Читал я это пару месяцев назад. Остальные графики слегка отдают шаманством, ибо для их построения какие-то левые предположения делались о недоступных данных и дальше мучились имеющиеся цифирки.
Если с кого nber бабло хочет, статья еще есть тут (http://pages.stern.nyu.edu/~tphilipp/papers/pr_rev15.pdf)

Date: 2009-04-08 07:16 am (UTC)
From: [identity profile] shkrobius.livejournal.com
It is remarkable how this "financial deregulation index" has been constructed. It is a sum of three variables taking 0 or 1 plus the fraction of states having (local!) branching restrictions. Apples are added to oranges and those are added to melons. Very noteworthy and insightful. Great economics!

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