Do Firms Respond to Gender Pay Gap Transparency?

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Standard

Do Firms Respond to Gender Pay Gap Transparency? / Bennedsen, Morten; Simintzi, Elena; Tsoutsoura, Margarita; Wolfenzon, Daniel.

I: Journal of Finance, Bind 77, Nr. 4, 08.2022, s. 2051-2091.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Bennedsen, M, Simintzi, E, Tsoutsoura, M & Wolfenzon, D 2022, 'Do Firms Respond to Gender Pay Gap Transparency?', Journal of Finance, bind 77, nr. 4, s. 2051-2091. https://doi.org/10.1111/jofi.13136

APA

Bennedsen, M., Simintzi, E., Tsoutsoura, M., & Wolfenzon, D. (2022). Do Firms Respond to Gender Pay Gap Transparency? Journal of Finance, 77(4), 2051-2091. https://doi.org/10.1111/jofi.13136

Vancouver

Bennedsen M, Simintzi E, Tsoutsoura M, Wolfenzon D. Do Firms Respond to Gender Pay Gap Transparency? Journal of Finance. 2022 aug.;77(4):2051-2091. https://doi.org/10.1111/jofi.13136

Author

Bennedsen, Morten ; Simintzi, Elena ; Tsoutsoura, Margarita ; Wolfenzon, Daniel. / Do Firms Respond to Gender Pay Gap Transparency?. I: Journal of Finance. 2022 ; Bind 77, Nr. 4. s. 2051-2091.

Bibtex

@article{ed29be5892b44330bed69ba036d56100,
title = "Do Firms Respond to Gender Pay Gap Transparency?",
abstract = "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.",
author = "Morten Bennedsen and Elena Simintzi and Margarita Tsoutsoura and Daniel Wolfenzon",
note = "Publisher Copyright: {\textcopyright} 2022 the American Finance Association.",
year = "2022",
month = aug,
doi = "10.1111/jofi.13136",
language = "English",
volume = "77",
pages = "2051--2091",
journal = "The Journal of Finance",
issn = "0022-1082",
publisher = "Wiley",
number = "4",

}

RIS

TY - JOUR

T1 - Do Firms Respond to Gender Pay Gap Transparency?

AU - Bennedsen, Morten

AU - Simintzi, Elena

AU - Tsoutsoura, Margarita

AU - Wolfenzon, Daniel

N1 - Publisher Copyright: © 2022 the American Finance Association.

PY - 2022/8

Y1 - 2022/8

N2 - 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.

AB - 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.

U2 - 10.1111/jofi.13136

DO - 10.1111/jofi.13136

M3 - Journal article

AN - SCOPUS:85131196148

VL - 77

SP - 2051

EP - 2091

JO - The Journal of Finance

JF - The Journal of Finance

SN - 0022-1082

IS - 4

ER -

ID: 346785310