Childbirth prevents female executives from reaching the top

At the age of 40, the likelihood is lower that women than men are CEOs for larger firms. In addition, the women have more rarely management jobs with top wage. Differences in qualifications can't explain this, as female managers are generally more qualified than men. Instead, the differences are explained by the fact that women are lagging behind in their career following the birth of a first child. This shows new research by Joacim Tåg, IFN, Matti Keloharju, Alto University, and Samuli Knupfer, BI Norwegian Business School.