In recent years, pay transparency in job postings has been proposed as one way to combat wage stagnation and reduce gender and racial wage gaps. However, there is limited empirical research on the impact of pay transparency in job postings on the labor market. While it may increase information...

This paper studies the impact of privatization of state-owned enterprises (SOEs) on workers at privatized SOEs and the aggregate labor market. Following privatization, wages for incumbent workers in privatized SOEs fall by about 30 log points relative to a control group. Half of this decline is...