Having daughters correlates significantly with male CEOs paying female employees higher wages, according to new research.
We observe that when a daughter was born to a male CEO, wages paid to the CEO's female employees rose relative to the wages paid to male employees. The effect was stronger for the first daughter, and stronger still if the first daughter was also the first child. The birth of a daughter to a male CEO particularly benefitted women who were more educated or who worked for smaller firms. These results have implications for our understanding not only of the origins of discrimination and the gender gap in wages but also of social preferences and the influence of managerial style on firm policies.
What explains this? Are CEOs with daughters more likely to promote women to C-suite positions that confer higher pay, or are they more likely to pay mid-level female employees higher relative to men? I don't know. But read the full story at Bakadesuyo.
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