Thursday, January 10, 2013

The Daily Stat: Salaries Rise After CEO's Wife Has First-Born Daughter

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JANUARY 9, 2013
Salaries Rise After CEO's Wife Has First-Born Daughter
The wages of employees—especially women—rise after a male CEO's wife delivers a daughter who is the couple's first child, according to research conducted in Denmark and reported in the Wall Street Journal. Female employees' salaries grow an average of 1.1% after the birth, compared with a 0.6% gain for males. Past research suggests that men sometimes care more about other people's well-being after having daughters. When male CEOs have sons, workers' salaries decline by an average of 0.4%.
Source: How a Male CEO's Kids Affect His Workers' Pay
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