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Prof. Thomas Philippon's research on the bonuses and pay of bankers is cited

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Excerpt from the Financial Times -- "In 2009, Prof Philippon predicted that banker pay would start moving back towards parity with other white-collar professions that require similar skills – just as it did after the Great Depression in the 1930s. The academic, who works as adviser to the French economics and finance minister, says this is now starting to take shape. 'Bankers’ pay in the US will go down by 30 per cent relative to the private sector. But this process takes many years.'”

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