Go to Work, Ladies! Your Kids Will Be Grateful

Go to Work, Ladies! Your Kids Will Be Grateful

iStockphoto
By Millie Dent

So what if you can’t have it all? Maybe your daughter can.

A new working paper by the Harvard Business School finds that daughters of working mothers are likely to be more successful in the workplace than their peers. Analyzing data on 50,000 people in 24 countries, researchers found these women are more likely to be employed, hold supervisory positions and earn more money than women who grew up with stay-at-home mothers.

A working mother was defined as being employed before their child turned 14 years old.

Daughters of employed moms are 4.5 percent more likely than daughters of stay-at-home moms have jobs, the study found -- small but statistically significant difference, the authors say, meaning it’s not just a coincidence. Daughters of working mothers also earn 23 percent more than daughters of women did not work outside the home.

Related: 10 Best States for Working Mothers

In addition, 33 percent of daughters of employed women hold supervisory roles, compared to 25 percent of daughters of stay-at-home mothers. And the daughters of working moms do fewer hours of housework each week, the study finds.

Sons of working mothers were found to spend 7.5 more hours on childcare per week and a longer amount of time on household chores. They spend more time caring for family members than sons of stay-at-home mothers.

The study hints at the neglected importance of gender attitudes that are shaped and refined within homes and in families, since policymakers usually focus on gender differences on the political and corporate levels. Parents who embody non-traditional gender roles are serving as role models and a resource for their children who might one day enact non-traditional gender roles in their own lives.

Working mothers are demonstrating to their children that traditional gender roles are not the only opportunities for their sons or daughters.  Even though many mothers worry that by working they’re neglecting their child, they could actually be helping them in the long-run by showing them they’re world might not be as limited as tradition suggests.

The study comes in the wake of a slight reversal in the decades-long trend of women joining the ranks of the employed. From 1999 to 2012, the number of mothers who were unemployed in the U.S. rose from 23 percent to 29 percent, a Pew study found. Causes of the rise are debatable, but a growing number of women cite their inability to find a job, largely as the result of the recession.

With the job market recovering, the new study’s message is clear: Lean in, women!

Maybe Don’t Count Out Obamacare Repeal Just Yet

File photo of a demonstrator holding a pamphlet outside a "Defund Obamacare Tour" rally in Indianapolis
© Nathan Chute / Reuters
By Yuval Rosenberg

Sen. Bill Cassidy (R-LA) told reporters on Friday that he’s getting close to securing enough votes to pass the last-ditch ACA repeal and replacement bill he’s put forth with Sens. Lindsey Graham (R-SC), Dean Heller (R-NV) and Ron Johnson (R-WI).

“I am pretty confident we’ll get there on the Republican side,” Cassidy said. “We’re probably at 48-49 [votes] and talking to two or three more.” And Senate Majority Leader Mitch McConnell has asked the Congressional Budget Office to estimate the effects of the Cassidy-Graham bill, which would speed up the scoring process.

Of course, those last two or three votes have been the challenge for the GOP all along, and they may not be any easier to round up this time. Sen. Rand Paul (R-KY), who voted for a prior repeal bill, said Friday that he won't support this one. Plus, opponents are already stepping up their criticisms about the effects of the bill. And time is running out: Cassidy and his colleagues only have until September 30 to pass the bill this year under a process that would require only 50 supporters in the Senate. So while the Obamacare repeal may still have life, it remains a longshot.

Orrin Hatch Signals Just How Complicated Tax Reform Will Be

Rep. Richard Neal (D-MA) speaks as the House-Senate Conferees hold an open conference meeting on the "Tax Cuts and Jobs Act" on Capitol Hill in Washington, U.S., December 13, 2017.   REUTERS/Joshua Roberts
JOSHUA ROBERTS
By Yuval Rosenberg

GOP leaders said Wednesday that they'd issue a more detailed framework of their tax overhaul the week of September 25. But while lawmakers are eager to get more details about the outline being hashed out by the so-called Big Six team of negotiators, Republicans are still divided on key elements of the plan — going from blueprint to bill is bound to be a contentious process. 

In his opening remarks at a Senate Finance Committee hearing today on individual tax reform, Sen. Orrin Hatch (R-UT) said the plan from the Big Six — of which he is one — "will not dictate the direction" the tax-writing committee takes. "Anyone with any experience with the Senate Finance Committee knows that we are not anyone’s rubber stamp," he said. "If a bill – particularly on something as consequential as tax reform – is going to pass in this committee, the members of the committee will have to be involved in putting it together."

Oh, and remember: Republicans also need to agree on a budget before they can push through tax reform without Democratic votes.

Aging Baby Boomers Drive Down the Uninsured Rate

By The Fiscal Times Staff

About 10,000 boomers turn 65 every day, becoming eligible for Medicare on their birthdays. The Census Bureau says that the sheer number of boomers entering Medicare is affecting the uninsured rate for the whole population. That rate fell to 8.8 percent in 2016, down from 9.1 percent a year earlier, with most of the decline driven by the aging of the post-war generation. (Wall Street Journal

Social Security Kept 26.1 Million Out of Poverty Last Year

By The Fiscal Times Staff

Social Security kept more than 26 million people out of poverty last year, according to a new report from the Census Bureau. Refundable tax credits such as the one for earned income kept 8.2 million people out of poverty, while food stamps lifted 3.6 million above the line, housing subsidies reduced the number of poor people by 3.1 million and unemployment insurance kept 680,000 out of poverty. Overall, the Census Bureau reported, the poverty rate was 12.7 percent, while a more sophisticated alternative measure that factors in government programs for low-income families put the rate at 13.9 percent, down from 14.5 percent in 2015. 

Read more about the new Census Bureau numbers here.

Tax Reform on Menu for Trump's Dinner with Dems

By The Fiscal Times Staff

President Trump is set to host three moderate Democratic senators for dinner on Tuesday as part of his push for tax reform, Politico reports. The Democrats on the guest list: Sens. Joe Manchin of West Virginia, Heidi Heitkamp of North Dakota and Joe Donnelly of Indiana, all of whom are up for reelection in 2018 in states Trump won last November. Vice President Mike Pence and GOP Sens. Orrin Hatch of Utah, John Thune of South Dakota and Pat Toomey of Pennsylvania are also slated to attend.