between children and subjective well-being is positive only in developed countries, and for those who become parents after the …There is mixed evidence in the existing literature on whether children are associated with greater subjective well … age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …

income and parental education) remain good predictors of well-being over 50 years later. In terms of the proximal covariates …

This paper models the relationship between income and reported well-being using latent class techniques applied to … strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual … marginal effect of income on well-being across classes will be reflected in both behaviour and preferences for redistribution. …