New Study Says Men With Daughters Become Richer

A May 2017 NBER working paper by Paul A. Gompers and Sophie Q. Wang of Harvard University points to promising evidence that being a parent to a daughter could be beneficial for senior partners at venture capital firms. “First, we find strong evidence that parenting more daughters leads to an increased propensity to hire female partners by venture capital firms. Second, using an instrumental variable set-up, we also show that improved gender diversity, induced by parenting more daughters, improves deal and fund performances,” the researchers wrote. Read More