Ampleur et évolution de la prime salariale financière

Olivier Godechot

Regards croisés sur l'économie, 2020, vol. n° 27, issue 2, 97-109

Abstract: We measure the magnitude and evolution of the wage premium for a job in finance. In thirteen developed countries, wages, especially high wages, increased at a sustained pace in this sector during the 1990s and 2000s, contributing strongly to the increase in the share of the national top 1% and hence to inequality. This gap cannot sufficiently be explained by differences in talent. In France, salaries remain 25 to 30% higher once the effect of qualifications is deducted. We offer an alternative explanation based on the ability of employees to move financial activity with them from one firm to another.

Date: 2020
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