# Professor Thomas Philippon's research on compensation in the financial services industry is referenced

1 Faculty News September 23, 2016 ![The Atlantic logo](/sites/default/files/styles/246w/public/assets/images/con_031336.jpg?itok=T4ciY3Gl)>

Excerpt from [The Atlantic](http://www.theatlantic.com/business/archive/2016/09/fairfield-county/501215/) -- "According to the economist [Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), total compensation of financial professionals, including profits, wages, salaries, and bonuses, is around 9 percent of U.S. GDP — about $1.4 trillion dollars. That’s up from below 3 percent of GDP in 1951. As compensation in the financial sector grows, though, there’s no sign that more finance is bolstering economic activity, Philippon finds."

[Read more](http://www.theatlantic.com/business/archive/2016/09/fairfield-county/501215/)