This study examined the impact of disclosing peer salary information on employee job satisfaction and intentions to search for new jobs. The researchers provided a website listing salaries to some University employees (the "treated" group) but not others (the "control" group). Employees earning below the median salary for their role reported lower job satisfaction and a greater intent to search for new jobs after viewing peer salaries. However, above-median earners were unaffected. These results suggest that negative salary comparisons have a bigger impact on satisfaction than positive ones, and that employers have an incentive to maintain pay secrecy, especially for lower-paid workers.