Uh-oh, the boss is a dad

The next time a company offers you a job, be sure to ask about the CEO’s kids. Analyzing a comprehensive database of firms and workers—including their families and wages—in Denmark, several business school professors “found robust empirical evidence not only that a male CEO generally pays his employees less generously after fathering a child, but also that this effect is moderated by the gender of the child as well as that of the employee.” Sons, especially after the first, are associated with lower employee wages, especially for male employees, but higher wages for the CEO himself. Only the first daughter is associated with higher wages for both male and female employees.