However there have been numerous psychological studies that look at the outcome of the baby and the parents when allowed to take m/paternity leave and it's hugely beneficial for all involved. So if you look solely at money then the argument for family leave is "don't do it" but money is not the only important thing when looking at topics like this.
An interesting parallel occurred a while back when there was sudden widespread adoption of Finland's "baby box" of supplies for new parents after the BBC noticed that Finland's infant mortality rate plummeted after their introduction. The results have been lackluster, however, because people had overlooked that the improvement in Finland had been tied to a whole bunch of policies & healthcare changes, with the box being only a tiny part of the result.