From Clerks to Agentic-AI: How will Technology Change Labor Market in Finance?
Fuente:
arXiv
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Preprint |
| Published: |
2026
|
| Subjects: | |
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866910156260900864 |
|---|---|
| author | Yu, Lu Li, Xiang |
| author_facet | Yu, Lu Li, Xiang |
| contents | Financial firms have gone through three major technological waves: computerization in the 1980s and 1990s, the rise of indexing and passive investing in the 2000s and 2010s, and the AI and automation wave from roughly 2015 to the present. This project studies how much labor is required to manage capital across those waves by tracking a simple productivity measure: assets under management per employee. Using a small panel of representative firms, we compare changes in AUM per employee, revenue per employee, and operating expense intensity over time. The goal is not to identify causal effects, but to document stylized facts about how technology changes the scale of asset management work. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2604_19833 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | From Clerks to Agentic-AI: How will Technology Change Labor Market in Finance? Yu, Lu Li, Xiang Econometrics Computers and Society Atmospheric and Oceanic Physics Financial firms have gone through three major technological waves: computerization in the 1980s and 1990s, the rise of indexing and passive investing in the 2000s and 2010s, and the AI and automation wave from roughly 2015 to the present. This project studies how much labor is required to manage capital across those waves by tracking a simple productivity measure: assets under management per employee. Using a small panel of representative firms, we compare changes in AUM per employee, revenue per employee, and operating expense intensity over time. The goal is not to identify causal effects, but to document stylized facts about how technology changes the scale of asset management work. |
| title | From Clerks to Agentic-AI: How will Technology Change Labor Market in Finance? |
| topic | Econometrics Computers and Society Atmospheric and Oceanic Physics |
| url | https://arxiv.org/abs/2604.19833 |