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Two studies examine whether the workplace motherhood penalty and fatherhood bonus are better conceived, respectively, as a caregiver penalty and breadwinner bonus. Participants acting as employers structured offers for married female or male job candidates with children. In Study 1, participants assumed “mother = caregiver” and “father = breadwinner.” These assumptions moderated significantly higher salary offers to fathers and more (explicitly career-dampening) flexible schedules to mothers. Study 2 manipulated family roles (nonparent, parent-unspecified role, parent-breadwinner, and parent-caregiver). Supporting a breadwinner bonus, the female candidate fared best in salary and leadership training offers when labeled a breadwinner (vs. caregiver and unspecified role), equaling a male breadwinner’s offer. A caregiver penalty decreased salary for caregivers of both sexes and leadership training for …