We explore the economic growth consequences of increased financial investment by non-financial firms, finding consistent evidence that financialization in the non-finance sector reduced total value added. Employing an expanded conceptualization of value added which identifies internal (capital,...

Focusing on U.S. non-finance industries, we examine the connection between the financialization of the US economy and rising income inequality. We argue that the increasing reliance by firms on earnings realized through financial channels decoupled the generation of surplus from production,...

The U.S. is now a financialized economy, where the financial sector and its priorities have become increasingly dominant in all aspects of the economy. We focus on financialization is a process of income redistribution with two faces. The first face is one of rent seeking by an increasingly...

The 2008 collapse of the world financial system, while proximately linked to the housing bubble and risk laden mortgage backed securities, was a consequence of the financialization of the U.S. economy since the 1970s. This paper examines the institutional and income dynamics associated with...

The goal of this study is to examine whether women in the highest levels of firms' management ranks help reduce barriers to women's advancement in the workplace. Using a panel of over 20,000 private-sector firms across all industries and states during 1990-2003 from the U.S. Equal Employment...