Ariell Reshef


- Paris School of Economics, Associate Member

- CNRS, Directeur de Recherche (Centre d'Economie de la Sorbonne, CES)

- CEPII, Scientific Advisor

Maison des Sciences Economiques

106-112 Boulevard de l'Hopital

75647 Paris Cedex 13

Email: ariell.reshef[@]


- CV


- Google scholar page | SSRN page | Ideas page


- Teaching


- Favorite Quotes



The Surprising Instability of Export Specializations

    With Diego Daruich and William Easterly. Journal of Development Economicsforthcoming

    NBER working paper No. 22869.

 Do Central Bank Governors Matter? Macroeconomic Policy, Regulation and the Financial Sector

    With Prachi Mishra. 

    Journal of Money, Credit and Banking, forthcoming


Wages and Human Capital in Finance: International Evidence, 1970–2011

    With Hamid Boustanifar and Everett Grant.

    Review of Finance, Volume 22, Issue 2, 1 March 2018, pp. 699–745. Finalist (out of six) for the Pagano and Zechner Prize. Online appendix.

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

    With Ohad Raveh.

    Journal of Development Economics, 118, January 2016, pp. 183-206.

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, 2016, NBER/University of Chicago Press. 
Interviews appendix.
NBER Workig Paper No. 16597
Read the NBER digest.
In the media: New York Times Magazine


Skill Biased Heterogeneous Firms, Trade Liberalization and the Skill Premium
With James Harrigan.
Canadian Journal of Economics, 48(3), 2015.
NBER Working Paper No. 17604 version.

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 Working Papaer No. 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.


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

The March of the Techies: Technology, Trade and Job Polarization in France, 1994-2007
    With James Harrigan and Farid Toubal. Appendix

    VOXEU column
    NBER Working Paper No. 22110 version and its Appendix

Skill Biased Financial Development: Education, Wages and Occupations in the U.S. Financial Sector
With Thomas Philippon.
NBER Working Papar No. 13437.

Big Hits in Manufacturing Exports and Development
With William Easterly.



Work in progress

Legislation, Deregulation and Litigation: The 1970-1990 Demand Shift for U.S. Legal Services in Historical Perspective
    With Cailin Slattery

Migration, FDI and the Margins of Trade
    With Amandine Aubry and Hillel Rapoport

Techies, Trade and Skill-Biased Productivity: Firm-Level Evidence from France
James Harrigan and Farid Toubal


Policy  papers

Why trade, and what would be the consequences of protectionism?
    With Sebastien Jean. Prepared for the European Parliament.

Pourquoi de si hauts salaires dans la finance?
    La Lettre du CEPII, No. 378 - Juin 2017. Published in French (English: "Why are finance wages so high?")

A quoi tient la progession des salaires dans la finance?
    CEPII note, Questions de Campagne.
Published in French (English: "What drives finance wages?")

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 

Conferences and sessions organization


Firms, Productivity and Labor Markets, CEPII/CEPREMAP workshop12-13 September 2017, co-organized with Farid Toubal


- DEGIT 2017, co-organized with Anne-Celia Disdier


- 2016 AEA (San Francisco) session on Job Polarization and Biased Technological Change


- 20th Annual Empirical Investigations in International Trade conference, 2013, co-organized with Peter Debaere, James Harrigan, John McLaren, and Jon Haveman


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


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