Michelle J. Budig, a University of Massachusetts-Amherst professor, has spent 15 years researching the topic of wages. She found that men earn 6% more when they have a child. Her assertion is echoed by a study made by Cornell University, which found that employers give higher salaries to fathers when compared to men who don’t have any children.
There are many factors that cause this increase. One reason is the cultural bias of thinking that fathers are the breadwinners of families. Fathers are given more because they are thought of as providers. Becoming a parent also increases productivity because it develops skills that can be utilized at work. Examples of these are conflict resolution, multi-tasking, and patience.
Dads are important—this fact is backed up by science. This is why it is key to give them protections like the BPI-Philam Wellness Series, a range of life insurance products powered by Philam Vitality, a science-backed wellness program that rewards choices that lead to a healthy lifestyle.
In addition to the 20% upfront additional coverage, they can earn points from health assessments and meeting health and wellness targets. These points can then be exchanged for rewards with partner establishments. Find out how to take care of fathers and the whole family by visiting a BPI branch near you or checking out BPI-Philam Wellness Series.