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Using a 2006 legislation change in Denmark that requires firms to provide gender\u2010disaggregated wage statistics, detailed employee\u2010employer administrative data, and difference\u2010in\u2010differences and difference\u2010in\u2010discontinuities 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\u00a0productivity.<\/jats:p>","DOI":"10.1111\/jofi.13136","type":"journal-article","created":{"date-parts":[[2022,5,3]],"date-time":"2022-05-03T05:58:17Z","timestamp":1651557497000},"page":"2051-2091","update-policy":"https:\/\/doi.org\/10.1002\/crossmark_policy","source":"Crossref","is-referenced-by-count":184,"title":["Do Firms Respond to Gender Pay Gap Transparency?"],"prefix":"10.1111","volume":"77","author":[{"given":"MORTEN","family":"BENNEDSEN","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"ELENA","family":"SIMINTZI","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"MARGARITA","family":"TSOUTSOURA","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"DANIEL","family":"WOLFENZON","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2022,6,3]]},"reference":[{"key":"e_1_2_12_2_1","unstructured":"Adams Ren\u00e9e B. andVanithaRagunathan 2017 Lehman sisters Working paper University of New South Wales University of Queensland."},{"key":"e_1_2_12_3_1","doi-asserted-by":"publisher","DOI":"10.2307\/2937787"},{"key":"e_1_2_12_4_1","doi-asserted-by":"publisher","DOI":"10.1515\/9780691212845"},{"key":"e_1_2_12_5_1","doi-asserted-by":"crossref","unstructured":"Baker Michael YoshHalberstam KoryKroft AlexandreMas andDerekMessacar 2019 Pay transparency and the gender gap Working Paper No. 25834 National Bureau of Economic Research.","DOI":"10.3386\/w25834"},{"key":"e_1_2_12_6_1","doi-asserted-by":"publisher","DOI":"10.1257\/app.2.3.228"},{"key":"e_1_2_12_7_1","doi-asserted-by":"publisher","DOI":"10.1257\/jel.20160995"},{"key":"e_1_2_12_8_1","doi-asserted-by":"publisher","DOI":"10.1093\/qje\/qjx041"},{"key":"e_1_2_12_9_1","doi-asserted-by":"publisher","DOI":"10.1086\/261642"},{"key":"e_1_2_12_10_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA11757"},{"key":"e_1_2_12_11_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.102.6.2981"},{"key":"e_1_2_12_12_1","doi-asserted-by":"crossref","unstructured":"Cullen Zo\u00eb B. andBobakPakzad\u2010Hurson 2019 Equilibrium effects of pay transparency in a simple labor market Working paper Harvard Business School.","DOI":"10.1145\/3328526.3329645"},{"key":"e_1_2_12_13_1","doi-asserted-by":"crossref","unstructured":"Cullen Zo\u00eb B. andRicardoPerez\u2010Truglia 2017 How much does your boss make? 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