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Financial Times:
Financial crisis just a blip for bankers

22 February 2013

The financial sector has proved remarkably resilient, with wages in the City rising while other workers saw pay fall between 2008 and 2011, according to research from the London School of Economics. Inequality before the crisis was driven by high pay in the financial sector and does not look set to stop, said Brian Bell of the Centre for Economic Performance, a co-author of the report.

This article was published in the Financial Times on February 22, 2013
Link to article here

Also in:
Public Service Europe
Bankers' bonuses post-crisis: all in it together?
Article by Brian Bell and John Van Reenen The share of the total UK income going to workers in the financial sector has not declined, and the average wage has risen faster for those working in the City of London than for everyone else.
Link to article here
FinFacts, Ireland
Financial crisis "little more than a blip for the pay of bankers"
The paper, 'Bankers and their Bonuses', by Dr Brian Bell and Prof John Van Reenen of the Centre for Economic Performance at the London School of Economics, says…..[that]the bankers in the top percentile saw their average wage rise from £325,100 to £353,100, a gain of 8.6%."
Link to article here

Related Publications
'Bankers and their bonuses', Brian Bell and John Van Reenen, Centre for Economic Performance Occasional Paper No.35, February 2013
'Extreme Wage Inequality: Pay at the Very Top', Brian Bell and John Van Reenen, Centre for Economic Performance Occasional Paper No.34, February 2013

Related links
John Van Reenen webpage
Brian Bell webpage
Productivity and Innovation webpage

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