Do pay secrecy policies prevent voluntary turnover?
利用美国各州逐步禁止薪酬保密政策的自然实验，发现薪酬保密与自愿离职之间没有因果关系，表明员工不愿询问他人薪酬使得该政策对留任无效。
Abstract Pay secrecy (PS) policies, commonly found in the US private sector, restrict pay communication among employees. Previous research suggests that these policies help prevent pay dissatisfaction and attrition among low earners by limiting salary comparisons. However, by exploiting the staggered adoption of PS bans across US states as a negative shock to PS, I find no causal relationship between PS and voluntary turnover. This suggests that workers' reluctance to ask others about their pay renders PS policies irrelevant for retention purposes. This, in turn, highlights the need for organizations to consider alternative approaches to enhance employee retention and commitment.