Here's the study: https://wpcarey.asu.edu/sites/default/files/daniel_wolfenzon_seminar_november_9_2018.pdf https://wpcarey.asu.edu/sites/default/files/daniel_wo

Here's the study: https://wpcarey.asu.edu/sites/default/files/daniel_wolfenzon_seminar_november_9_2018.pdf https://wpcarey.asu.edu/sites/default/files/daniel_wolfenzon... To describe a 7% change as "shrinks" is a bit of a stretch. And to attribute it to solely to the requirement to disclose may be incorrect as there was only a 1.4% difference vs companies that were not required to disclose anything (the 7% figure is vs pre-regulation). So wages rose for women post-regulation, regardless of whether the company they worked at disclosed wages or not. Meaning other provisions in the law also likely played a role in the decrease of the gender gap. The study also references another study that finds: > that firms with higher pay inequality exhibit larger equity returns suggesting that differences in pay inequality across firms are a reflection of differences in managerial talent. All just food for thought. Regulation and transparency can produce interesting outcomes and side-effects without making us any wiser as to the dynamics driving the differences in outcomes.