CEO's New-born Child's Gender Decides Workers' Salaries
This is being revealed by a new research. The paper, written by Aalborg University economics professor Michael Dahl, University of Maryland Smith School of Business professor Cristian Dezso and Columbia Business School professor David Gaddis Ross, was drawn up with the help of more than 1,600 births to 18,000 male CEOs at 10,655 private companies in Denmark between 1996 and 2006.
According to the Wall Street Journal, the team found that when a male CEO had a baby, his employees' salaries shrunk by 0.2 percent, or about 100 dollars per year, and that figure dropped to 0.4 percent if he fathered a son, the Daily Mail reported.
The authors suggested that this could be because the CEO felt the need to save resources and protect his own family, in the event of financial crisis.
On the other hand, if he had a daughter as his first child, workers wages were more likely to rise, the report suggested.
The report also suggested that a male CEO's salaries rose 6.3 percent after the birth of a son and 3.5 percent after the birth of a daughter.