The Growth of Finance is Not Remarkable
指出，金融业是技能密集型服务业，其收入份额变化与其他高技能服务业相似，且二战后增长慢于其他高技能服务业，因此金融业的崛起并不像以往研究认为的那样显著。
Abstract An important literature emphasizes that finance grew rapidly after WWII relative to the full economy and the services sector, but these are poor benchmarks because they mask a broad structural shift from low- to high-skill services. We show that i) finance is among the most skill-intensive service industries, ii) the evolution of the finance income share closely tracks other high-skill service industries, and iii) finance grew much slower than the rest of high-skill services in the post-WWII period. The rise of modern finance is not as remarkable as prior research suggests, providing context for debates about the size of finance.