Do Firms Respond to Gender Pay Gap Transparency?

We thank our discussants Irem Demirci, Daniel Ferreira, Camille Hebert, David Matsa, Geoff Tate, Karin Thorburn, and Rebecca Zarutskie. We are grateful for excellent comments from seminar participants at UC San Diego, IESE Barcelona, Columbia Business School, Cornell University, Darden, INSEAD, UIC, UCLA, ASU, and conference participants at LBS Summer Finance Symposium, Stanford SITE conference, CEPR Incentives, Management and Organization 2018 conference, European Commission-Gender equality Unit, Colorado Finance Summit, Swedish House of Finance and AFFECT conference, the Corporate Finance Beyond Public Companies conference, 2019 SOLE conference, 2019 EFA meetings, 2019 WFA meetings, and 2020 AEA meetings. We thank Brian J. Lee and Jiacheng Yan for excellent research assistance, He Zhang for data management, and help with data understanding from Mona Larsen (VIVE), Helle Holt (VIVE) and Maria Boysen (Statistic Office Denmark). We are grateful for financial support from the Danish National Research Foundation (Niels Bohr Professorship).The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• January 8, 2019