The idea that men are intimidated by career-driven businesswomen is finally being laid to rest, as new research suggests a link between higher male earnings and wives with high profile careers.
The study, published in the journal Labour Economics, stated that a professional man’s salary is 5.5% higher for every 1,000 hours a year worked by his wife.
The research also suggested that while the typical man with a management degree used to be more likely to marry someone with an arts degree, their wives are now more likely to have a law or management qualification.
“Women that do well in business are typically self-motivated, driven, well-balanced and confident within their own ability to do well so it's not surprising that men find them appealing,” said Keith Gilbey, spokesperson for small business support and advice at Business Link for London.
“Starting up a business is a very attractive option for women wanting to be 'mistress of their own destiny' and break down some of the barriers that prevent them from reaching the top in conventional employment.
“Whilst men still start up the majority of small businesses, women-led businesses are giving them a serious run for their money.”
According to the recent London Annual Business Survey, women-owned businesses are increasing. The percentage or female owned businesses has increased to 16.5% from only 9.7% in 2003.
© Crimson Business Ltd. 2007
