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Pay secrecy refers to workplace policies that prohibit employees from discussing their wages/salary with coworkers

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Pay secrecy refers to workplace policies that prohibit employees from discussing their wages/salary with coworkers.  Many employers advocate for it while others swear against it.  Please read the following two articles:

http://www.forbes.com/sites/edwardlawler/2012/09/12/pay-secrecy-why-bother/#7645b570415c

http://netshare.typepad.com/netshare/2010/11/new-scientific-evidence-shows-why-companies-should-keep-salaries-a-secret.html

In your view, what are the benefits, if any, associated with pay secrecy?  What are the benefits, if any, of making wage/salary information available (i.e. transparent) to all workers within a given company?  As an HR professional, which practice (secrecy or transparency) would you advocate for if your CEO asked you for advice?

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