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Becoming more connected to the financial human capitalnetwork may hold the key to improving wage inequality withinthe US finance industry

Tan, Kuo Siong (Gordon) (2015) Becoming more connected to the financial human capitalnetwork may hold the key to improving wage inequality withinthe US finance industry. USApp– American Politics and Policy Blog (18 Aug 2015). Website.

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Abstract

In an era of stagnant wages for the middle-classes, the financial services industry continues to be very well remunerated, especially in large cities. But to what extent does city-size drive wage inequalities? In new research that tracks the movement of over 20,000 skilled financial workers across 264 US cities between 2007 and 2011, Kuo Siong (Gordon) Tan constructs a financial human capital network. He finds that the network contains 40 financial hubs, which are linked to higher wages. He writes that rather than being a direct function of city size, wage inequality may be more pronounced between cities that are highly networked and those that are not.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/usappblog/
Additional Information: © 2015 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science.
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HT Communities. Classes. Races
Date Deposited: 11 Sep 2015 13:46
Last Modified: 15 Oct 2021 23:21
URI: http://eprints.lse.ac.uk/id/eprint/63512

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