Stylized facts from a small panel show that AUM per employee, revenue per employee, and operating expense intensity have evolved with computerization, passive investing, and AI waves in financial firms.
Innovation and Top Income Inequality
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From Clerks to Agentic-AI: How will Technology Change Labor Market in Finance?
Stylized facts from a small panel show that AUM per employee, revenue per employee, and operating expense intensity have evolved with computerization, passive investing, and AI waves in financial firms.