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Editing Compensation transparency

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Some jurisdictions mandate [[Executive compensation in the United States#Transparency|disclosure of executive compensation]] to shareholders, in an attempt to reduce excessive compensation.
Some jurisdictions mandate [[Executive compensation in the United States#Transparency|disclosure of executive compensation]] to shareholders, in an attempt to reduce excessive compensation.


According to a 2024 review of existing evidence, pay transparency within a firm tends to narrow coworker wage gaps, but also incentivizes employers to bargain more aggressively to keep average wages down. Within-firm pay transparency also reveals to workers pay differences across different levels of seniority, which "can lead to more accurate and more optimistic beliefs about earnings potential, increasing employee motivation and productivity." Cross-firm pay transparency overall strengthens the power of workers against employers, as workers are more likely to seek higher-paying jobs, and negotiate higher pay at their current job.<ref>{{Cite journal |last=Cullen |first=Zoë |date=2024 |title=Is Pay Transparency Good? |url=https://www.aeaweb.org/articles?id=10.1257/jep.38.1.153 |journal=Journal of Economic Perspectives |language=en |volume=38 |issue=1 |pages=153–180 |doi=10.1257/jep.38.1.153 |issn=0895-3309|doi-access=free }}</ref>
According to a 2024 review of existing evidence, pay transparency within a firm tends to narrow coworker wage gaps, but also incentivizes employers to bargain more aggressively to keep average wages down. Within-firm pay transparency also reveals to workers pay differences across different levels of seniority, which "can lead to more accurate and more optimistic beliefs about earnings potential, increasing employee motivation and productivity." Cross-firm pay transparency overall strengthens the power of workers against employers, as workers are more likely to seek higher-paying jobs, and negotiate higher pay at their current job.<ref>{{Cite journal |last=Cullen |first=Zoë |date=2024 |title=Is Pay Transparency Good? |url=https://www.aeaweb.org/articles?id=10.1257/jep.38.1.153 |journal=Journal of Economic Perspectives |language=en |volume=38 |issue=1 |pages=153–180 |doi=10.1257/jep.38.1.153 |issn=0895-3309}}</ref>


==Compensation transparency by country==
==Compensation transparency by country==
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