Gender pay gap reporting leads to 1.6% wage increase for women.
Employers in the UK were required to publicly report their gender pay gap statistics. This led to a 1.6 percentage-point decrease in the gender pay gap at affected employers, mainly due to lower male wages. Female workers prefer to work for companies with lower pay gaps, with over half willing to take a pay cut to avoid high pay gap employers. Different workers interpret pay gap statistics differently, affecting how they value jobs at companies with varying pay gaps.