Pay Transparency and Gender Equality

• 成果类型: Article
• 署名作者: Blundell, Jack; Duchini, Emma; Simion, Stefania; Turrell, Arthur
• 署名单位: University of London; London School Economics & Political Science; University of Essex; University of Bristol; Bank of England
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20220766
• 发表日期: 2025
• 页码: 418-445
• 关键词: Directed search; equilibrium

摘要

Since 2018, UK firms with at least 250 employees have been mandated to publicly disclose gender equality indicators. Exploiting variations in this mandate across firm size and time, we show that pay transparency closes 19 percent of the gender pay gap by reducing men's pay growth. By combining different sources of data, we also provide suggestive evidence that the public availability of the equality indicators enhances public scrutiny. In turn, employers more exposed to public scrutiny seem to reduce their gender pay gap the most. (JEL D22, J16, J24, J31, L25)