Is there finally a light at the end of the tunnel when it comes to getting gender equity in wages? Sort of — but it’s going to involve a lot of people having babies.
According to a new study, male CEOs are more likely to work to close the gender pay gap when they have daughters. The study, which is based on data from Danish companies collected between 1995 and 2006, found that the birth of a daughter to a male CEO is correlated with a slight closing of the wage gap at that CEO’s company. Denmark has a gender wage gap of 21.5% – not accounting for rank or hours worked. The Wall Street Journal reported yesterday that,
the birth of a daughter to a male CEO caused that gap to close, in his company, that same year, by 0.5 percentage points. Breaking the data down further, the birth of a first daughter caused the gap to close by 0.8 percentage points. If the first daughter was also a first child, the gap closed by 2.8 percentage points (representing 13% of the gap).
As a way of closing the gap in pay between men and women, it’s sad to say that at the rate we’ve been continuing in America, we may have more luck waiting for more men to have daughters than pushing legislation mandating equal pay for equal work.