Why Wall Street Traders Keep Making a Fortune
Episode Description
New research from Wharton's Vincent Glode finds that the specific tasks that workers perform in finance have a big impact on how firms compete for their services. More: http://knlg.net/1LgWB4Q 📂 Finance & Accounting;Human Resources 🏷️ Research
Brief Summary
Richard Larry discusses how tasks in finance affect worker compensation and firm competition.
Key points
- Understanding Financial Compensation. This paper explores how specific tasks in finance impact worker compensation.
- The Role of Externalities. The model reveals how externalities affect compensation in finance.
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Episode highlights
- Understanding Financial CompensationThis paper explores how specific tasks in finance impact worker compensation.“The specific tasks that workers perform in finance will have a big impact on compensation.”2:15Oct 15, 2015
- The Role of ExternalitiesThe model reveals how externalities affect compensation in finance.“Workers who impose negative externalities earn more than those who impose positive ones.”11:31Oct 15, 2015
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