CEOs With Daughters Pay Female Employees Better

by Derek Loosvelt | March 17, 2011

According to a study of 6,230 Danish firms, there's a direct correlation between CEOs having a daughter and the way their firms pay its female employees -- that is, better.

The study, conducted by three economists (one from Columbia Business School, one from the University of Maryland's business school, and a third from Denmark's Aalborg University), showed that when a CEO has a daughter, the gap between his or her company's average male and female salary closes by 0.5 percent during that calendar year. And if the child was a CEO's first daughter, the gap closes by 3 percent. Sons, it was shown, had no affect on the gap.

(WSJ)

Filed Under: Finance


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