Research

Working Papers

How Much Can I Make? Cross-Firm Pay Transparency’s Effects On the US Labor Market (with Suryansh Upmanyu)

Abstract: Many major US jurisdictions have implemented pay transparency laws that require firms to advertise wage offers in vacancy postings. Using data on the near universe of job postings and representative survey data in a difference-in-differences framework, we find that these laws increased the fraction of postings with wage information by 24.7 percentage points. This translated to average real wage increases of 3.2%-4.4% in Colorado and 0.6% - 1.3% in California and Washington. We further consistently find significant positive effects on real wages for workers who are male, have a college-degree, or are over forty years old.

Works in Progress

The Currency and Maturity Composition of Sovereign Debt

Portfolio uniqueness in sovereign debt models (with Zachary Stangebye)