The Effects of Salary Benchmarking by Ricardo Perez-Truglia

Join us for the latest Applied Economics Research Seminar Series event, Spring Term 2022.

Ricardo Perez-Truglia from the Haas School of Business, University of California, Berkeley  will present their research on The Effects of Salary Benchmarking 

The seminar will begin with a presentation and will end with a Q and A session.

Abstract

While U.S. legislation prohibits employers from sharing information on their employees' compensation with each other, companies are still allowed to acquire and utilize more aggregated data provided by third parties. The vast majority of firms report using this type of data to set salaries, a practice that is known as salary benchmarking. Despite their ubiquity, there is no evidence on the effects of salary benchmarking tools. To fill this gap, we use administrative data from the largest payroll company in the United States. We provide evidence that salary benchmarking has a significant effect on pay setting. Our findings have implications for the study of labor markets and for ongoing policy debates. 

It will be held on zoom at 4pm on Thursday 17th February. This event is open to all levels of study and is also open to the public. To register your place and gain access to the webinar, please contact the seminar organisers.

This event is part of the Applied Economics Research Seminar Series.