Do Jobseekers Value Diversity Information? Evidence from a Field Experiment and Human Capital Disclosures

• 成果类型: Article
• 署名作者: Choi, Jung Ho; Pacelli, Joseph; Rennekamp, Kristina M.; Tomar, Sorabh
• 署名单位: Stanford University; Harvard University; Cornell University; Southern Methodist University
• 刊物名称: JOURNAL OF ACCOUNTING RESEARCH
• ISSN/ISSBN: 0021-8456
• DOI: 10.1111/1475-679X.12474
• 发表日期: 2023
• 页码: 695-735
• 关键词: job; WORKPLACE; ECONOMICS; IDENTITY; target; work

摘要

We examine how information about the diversity of a potential employer's workforce affects individuals' job-seeking behavior. We embed a field experiment in job recommendation emails from a leading career advice agency in the United States. The experimental treatment involves highlighting a diversity metric to jobseekers. Our results indicate that disclosing diversity scores in job postings leads jobseekers to click on firms with higher diversity scores, with such effects varying across jobseeker demographics. A follow-up survey provides evidence on potential explanations for why jobseekers value diversity information. We then examine how jobseekers' preferences for diversity relate to disclosure choices under the U.S. SEC Human Capital Disclosure requirement. We find that firms in industries characterized by higher jobseeker responsiveness to diversity information tend to voluntarily disclose diversity metrics in their 10-Ks under these new disclosure requirements.