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The Times:
Making pots of money for yourself does not make you a wealth creator

11 June 2016

Financial engineering has created a rentier class, a modern feudal system, and the biggest beneficiaries of all that extra debt have been the bankers. John Van Reenen and Brian Bell, of the Centre for Economic Performance, have estimated that 60 per cent of the rise in wage inequality in the decade to 2008 was ''due to the financial sector''.

The article was published by The Times on June 11, 2016
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, Feburary 2013

Related links
Brian Bell webpage
John Van Reenen webpage
Growth Programme webpage

Read more... The Times