RT Journal Article SR Electronic T1 Female Executives and the Motherhood Penalty JF Journal of Human Resources FD University of Wisconsin Press SP 1706 OP 1736 DO 10.3368/jhr.0521-11673R1 VO 60 IS 5 A1 Murray, Seth A1 Sandler, Danielle H. A1 Staiger, Matthew YR 2025 UL http://jhr.uwpress.org/content/60/5/1706.abstract AB We use U.S. linked survey and administrative data to investigate whether the sex composition of a firm’s executives affects the earnings of new mothers. Our empirical strategy compares the earnings trajectories of new mothers to observably similar coworkers who did not give birth around that time. On average, mothers earn almost $2,000 less per quarter two years after birth, but the magnitude of these losses is unrelated to the female share of executives at the mothers’ employer. Our results suggest that increasing the representation of women in firms’ leadership positions will not reduce the motherhood penalty.