Every CEO should have a daughter (Editor’s notes)

Study shows daughters can help close wage gap
By Todd Humber
|Canadian HR Reporter|Last Updated: 03/28/2011

Fathers have legendary soft spots for their daughters. Turns out, for male CEOs, having a daughter also loosens the grip on the company payroll.

In an unpublished paper, Like Daughter, Like Father: How Women’s Wages Change When CEOs Have Daughters, researchers from the University of Maryland, Columbia Business School in New York and Denmark’s Aalborg University examined 12 years’ worth of Danish workforce data and came to an interesting conclusion: If a male CEO has a daughter, the gender wage gap at his firm closes.

How much? Overall, the gender wage gap reduces about 0.5 per cent. And if the CEO only has one child, and it’s a girl, the effect is amplified — a decrease in the wage gap of about 2.8 per cent.