What's My Employee Worth? The Effects of Salary Benchmarking.
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 benchma...
| Publicado en: | Review of Economic Studies Vol. 93; no. 4; pp. 2531 - 2574 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Oxford University Press / USA
Jul2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=195161450&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 195161450 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Jul2026 vid: 93 iid: 4 pid: 622 pub: Oxford University Press / USA artinfo: ui: 195161450 10.1093/restud/rdaf083 ppf: 2531 ppct: 43 formats: tig: atl: What's My Employee Worth? The Effects of Salary Benchmarking. aug: au: Cullen, Zoë Li, Shengwu Perez-Truglia, Ricardo affil: Harvard University, USA University of California, Los Angeles, USA su: Wages Labor market Wage differentials Government policy Compensation management Employee value proposition Economic uncertainty sug: subj: Wages Labor market Wage differentials Government policy Human Resources Consulting Services Compensation management Employee value proposition Economic uncertainty keyword: Compensation copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 Inequality Information frictions inLanguage:en publisher:Oxford University Press Salary benchmarking sameAs:https://dx.doi.org/10.1093/restud/rdaf083 Compensation copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 Inequality Information frictions inLanguage:en publisher:Oxford University Press Salary benchmarking sameAs:https://dx.doi.org/10.1093/restud/rdaf083 ab: 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. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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