We examine how non-disclosure agreements (NDAs) influence firm reputation and the flow of labor market information by analyzing three 'NDA-narrowing' state laws that prohibited firms from using NDAs to silence workers regarding unlawful workplace conduct. We document three main results. First,...

Covenants not to compete are often included in employment agreements between firms and employees, justified by each party's voluntary “freedom to contract.” However, noncompetes may also generate externalities for all individuals in the market, including those who have not signed such...

We examine how non-disclosure agreements (NDAs) influence firm reputation and the flow of labor market information by analyzing three 'NDA-narrowing' state laws that prohibited firms from using NDAs to silence workers regarding unlawful workplace conduct. We document three main results. First,...