Can gender Pay-Gap disclosures make a difference?

Menachem (Meni) Abudy, David Y. Aharon, Efrat Shust

Research output: Contribution to journalArticlepeer-review

Abstract

The United Kingdom passed the UK-Equality-Act-2010 in 2017, mandating public and private firms to disclose their gender pay gap (GPG). To evaluate the effectiveness of this regulation, we examine whether the effect of the disclosure rule led to any change in male and female pay differences. Our analysis reveals that the GPG disclosure has reduced the pay gap over time since the Equality Act was introduced. The results hold for different regression specifications and after controlling for industry-fixed effects. The findings may suggest a possible channel through which policymakers can reduce gender disparities and improve corporations’ social responsibility conduct.

Original languageEnglish
Article number103583
JournalFinance Research Letters
Volume52
DOIs
StatePublished - Mar 2023

Bibliographical note

Publisher Copyright:
© 2022 Elsevier Inc.

Keywords

  • Disclosure
  • Female Pay
  • Gender Pay Gap
  • Labour Participation
  • UK Equality Act

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