Asset Management Fees and the Growth of Finance
نویسندگان
چکیده
منابع مشابه
Asset Management Fees and the Growth of Finance
F rom 1980 to 2006, the fi nancial services sector of the United States economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the signifi cant increase in asset management fees charged to both individual and institutional investors. Despite the economies of scale that should...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2013
ISSN: 0895-3309
DOI: 10.1257/jep.27.2.97