Brain, Babies, and Salaries

 

Did you that an employee’s salary may be linked to the gender of a Male CEO’s children? This topic reportedly was discussed at the American Economic Association’s annual meeting in San Diego in January. Researchers from Aalborg University economics professor Michael Dahl, University of Maryland Smith School of Business professor Cristian Dezso, and Columbia Business School professor David Gaddis Ross studied almost 1,600 births to more than 18,000 male CEOs at 10,655 private companies in Denmark between 1996 and 2006. The findings are interesting. When a male CEO’s wife births a son, the CEO's employees’ salaries shrink by about 02% and by 0.4%. On the other hand, if the CEO’s first child is a female, employee’s wages actually go up by 0.6% for male employees and 1.1% for female employees. Overall, the female employees tended to benefit more when the CEO had children, regardless of gender or birth order. Here is the URL:  http://online.wsj.com/article/SB10001424127887324391104578225710891707312.html/Wagner%20et%20al.%20Lost%20sleep%20and%20cyberloafing.pdf