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.
Excerpted from “Like Daughter, Like Father: How Women’s Wages Change When CEOs Have Daughters.”
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