What’s My Employee Worth? The Effects of Salary Benchmarking
我的员工值多少?薪酬对标的影响AI 解读 ↓
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AI 根据所提供的论文材料归类:摘要以双重差分估计信息工具的影响,核心结果是工资离散程度变化。
我的员工值多少?薪酬对标的影响AI 解读 ↓
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Abstract Firms are allowed to use aggregate data on market salaries to set pay, a practice known as salary benchmarking. Using national payroll data, we study firms that gain access to a tool that reveals market benchmarks for each job title. Using a difference-in-differences design, we find that the benchmark information reduces salary dispersion by 25%. Thus, salary dispersion must stem partly from aggregate uncertainty about the salaries offered by other firms. Our model formalizes how salary dispersion can arise even in competitive labour markets for identical workers when such uncertainty exists, and we discuss implications for an ongoing policy debate.