This is not a new argument. The Fraser Institute in Canada did a study on discrimination about two decades ago and found that women who had never married did as well or better, on average, ceteris paribus, as men [no link, yet, but I'll see if I can find one (see below); Update: also see this. ]. Both results follow from the argument that raising children takes time away from investment in one's human capital and thus leaves one less productive. To the extent that the three Ps of pay, power, and prestige are related to the fourth P, productivity, it follows that women who give birth and take time to engage in child-rearing activities will end up earning less and not being promoted as often or as high.
If this explanation is correct, then the growth in the number of males taking parental leave when a new child is born or otherwise acquired should show up in declines in their productivity. If so, testing this hypothesis should yield significantly lower wages and ranks, on average, cet. par., for these males. The important variable will not be whether the couple has children, but who takes how much time off for child-rearing activities.
Update: Here is the Fraser Study I mentioned:
Discrimination, Affirmative Action and Equal Opportunity: An Economic and Social Perspective
Edited by Walter E Block and Michael Walker
$14.95, Book: 0-88975-039-4; 1981
It is no longer available from Amazon.ca, but you can probably still order it from The Fraser Institute:
Web site: www.fraserinstitute.ca
Email: sales@fraserinstitute.ca





This was in the Software Development field. It took, in both cases, about one full year before they were back up to their pre-leave capabilities.
Tiny sample size of course, so it may not mean much in the broader scheme of things. I doubt if their pay was affected, both men worked in stable companies that were supportive of their actions.