In a new study, professor at HEC Paris Tomasz Obloj and Todd Zenger from the University of Utah monitored the impact of pay transparency on pay equity and pay equality. The results showed that pay inequality and inequity both tend to drop when pay transparency is implemented. As CNBC reports it, greater pay transparency can lead to three different outcomes: employers may adjust the salaries of those most underpaid and overpaid, or individuals may also seek work elsewhere based on salary injustices, thus leading employers to reassess their pay. But another possible consequence is that the correlation between performance and pay may be weakened.