Mothers born in 1958 who had children by the age of 40 could expect to earn 32% less than a father born in the same year. Mothers born in 1970 could expect to earn 26% less than the average father by their late 30s.
What the IPPR work also reveals is a surprising “fatherhood pay bonus” among men. Fathers born in 1958 could expect to earn 16% more by the age of 40 than childless men. Fathers born in 1970 reap an even higher reward. They earn 19% more than non-dads.
Why should this be so? Academic evidence suggests that fathers earn more because they are compensating for a partner who works less once children arrive. Fathers may also stick at jobs because of their parental responsibility and are rewarded for their loyalty.
Those titty things that feed the babbies for the first couple of years might be a clue. That rich ugly men get to shag babes might be another.
It just ain’t complicated.