# Research by Prof. Thomas Philippon on finance sector wages is cited

1 Faculty News June 13, 2012 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/servicestools/help/terms) -- "In a study last year, academics [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) and Ariell Reshef found that during two eras of financial market euphoria – the 1920s and from 2000 onwards – the finance sector paid a “wage premium” of 70 per cent above the private sector average."

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