Ariell Reshef


Department of Economics
University of Virginia
P.O. Box 400182
Charlottesville, VA 22904-4182


(For packages shipped via FedEx, UPS, etc: click here)


Office: Monroe Hall, Room 255

Tel: 434-243-4977

Fax: 434-924-7659

Email: ariellr_at_virginia_dot_edu

Office hours: Tuesday & Thursday, 13:00-14:30

- CV


- Google scholar page | SSRN page | Ideas page


- Teaching


- Favorite Quotes


- 2013 AEA (San Diego) session on Trade and Skills
  Co-organized with Nico Voigtlander.


- Second NYU Alumni conference (I co-organized): May 31–June 1 2013. Call for papers
  (Inaugural NYU Alumni conference June 2–4 2011: Photos)


Skill Biased Heterogeneous Firms, Trade Liberalization and the Skill Premium
With James Harrigan.
Canadian Journal of Economics, forthcoming.
NBER WP 17604.

An International Look at the Growth of Modern Finance
With Thomas Philippon.
Journal of Economic Perspectives, 27(2), Spring 2013, pp. 73–96. Symposia: The Growth of the Financial Sector. Online appendix.

    In the media: New York Times

Is Technological Change Biased Towards the Unskilled in Services? An Empirical Investigation
Review of Economic Dynamics, 16 (2013) pp. 312–331. Online appendix. Programs and data (zip).
(A previous version of this paper circulated under the title “Skill Biased Technological Change in Services”)

Wages and Human Capital in the U.S. Financial Industry: 1909–2006
With Thomas Philippon.
The Quarterly Journal of Economics, 127(4), November 2012, pp. 1551–1609. Lead article. Online appendix. Data.
Previous NBER WP 14644 version (also CPER discussion paper 7282).
In the media, and other citations:
- New York Times: Paul Krugman and
Floyd Norris op-eds, Andrew Ross Sorkin, Bruce Bartlett, and others February 4, 2009, February 5, 2009, August 14, 2009

     - The Economist: Special report on October 13, 2012, February 7, 2009, May 28, 2009, January 20, 2011.
- Financial Times: Martin Wolf (April 14 and April 15, 2009), Gillian Tett (April 6, 2009 and January 30, 2012), Daniel Schäfer (June 13, 2012 and March 24, 2013)

    - Wall Street Journal, and on May 14, 2009 (see related figure) September 10, 2009, October 29, 2012.

    - Featured in 13 Bankers, by James Kwak and Simon Johnson. Paper of the Year by The Baseline Scenario.
- Winner-take-all Politics, by Jacob Hacker & Paul Pierson.
- Written Testimony for the House Oversight Committee Hearing on Hedge Funds, Andrew Lo, November 13, 2008.

- Other newspapers: Le Monde (also here), Les Echos (also on here), Handelsblatt, Haaretz.

- NPR interview on Planet Money and related article.

- BBC interview with Gillian Tett.


African Export Successes: Surprises, Stylized Facts and Explanations
With William Easterly.
In David N. Weil, Sebastian Edwards and Simon Johnson (eds.), African Successes: Modernization and Development, 2014, NBER/University of Chicago Press. 
Interviews appendix.
NBER WP 16597. Read the NBER digest.
In the media: New York Times Magazine


Why Does Capital Flow to Rich States?
With Sebnem Kalemli-Ozcan, Bent Sorensen and Oved Yosha.
Review of Economics and Statistics, November 2010, 92(4), pp. 769–783
. Programs and data.
Old NBER WP 11301 version.



Working papers

Capital Imports Composition, Complementarities, and the Skill Premium in Developing Countries

    With Ohad Raveh.

    R&R requested at Journal of Development Economics


Wages and Human Capital in Finance: International Evidence, 1970–2007

    With Hamid Boustanifar and Everett Grant.

    Online appendix


Skill Biased Financial Development: Education, Wages and Occupations in the U.S. Financial Sector
With Thomas Philippon.
NBER WP 13437.

Big Hits in Manufacturing Exports and Development
With William Easterly.



Work in progress


Do Central Bank Governors Matter? Macroeconomic Policy, Regulation and the Financial Sector
With Prachi Mishra.

The March of the Techies: Technology, Trade and Job Polarization in France, 1994-2007
    With James Harrigan and Farid Toubal --- draft coming soon!

Demographics, Finance and Secular Stagnation
    With Moshe Hazan and Alan Taylor

Lawyers and Legal Services in the U.S., 1850-2010: Wages, Organization and Technological Change
    With Cailin Slattery

Old papers


Heckscher-Ohlin and the Global Increase of Skill Premia: Factor Intensity Reversals to the Rescue
Mimeo, NYU.


The Power of Exports
With William Easterly and Julia Schwenkenberg.
World Bank Policy Research WP 5081.

Trade and Harmonization: If Your Institutions Are Good, Does It Matter If They Are Different?
With Roumeen Islam.
Old version: World Bank Policy Research WP 3907




University of Virginia       Department of Economics