Do Firms Respond to Gender Pay Gap Transparency?
成果类型：
Article
署名作者：
Bennedsen, Morten; Simintzi, Elena; Tsoutsoura, Margarita; Wolfenzon, Daniel
署名单位：
University of Copenhagen; INSEAD Business School; University of North Carolina; University of North Carolina Chapel Hill; Center for Economic & Policy Research (CEPR); Washington University (WUSTL); National Bureau of Economic Research; Columbia University
刊物名称：
JOURNAL OF FINANCE
ISSN/ISSBN：
0022-1082
DOI：
10.1111/jofi.13136
发表日期：
2022
页码：
2051-2091
关键词：
摘要：
We examine the effect of pay transparency on the gender pay gap and firm outcomes. Using a 2006 legislation change in Denmark that requires firms to provide gender-disaggregated wage statistics, detailed employee-employer administrative data, and difference-in-differences and difference-in-discontinuities designs, we find that the law reduces the gender pay gap, primarily by slowing wage growth for male employees. The gender pay gap declines by 2 percentage points, or 13% relative to the prelegislation mean. Despite the reduction of the overall wage bill, the wage transparency mandate does not affect firm profitability, likely because of the offsetting effect of reduced firm productivity.