Family policies aim to influence fertility and labor force participation, and support families. However, often only fertility and labor supply are considered in policy evaluations. For example, the 2007 extension of parental leave benefits in Germany is generally considered unsuccessful because...

Understanding how the process of childbearing influences parental well-being has great potential to explain variation in fertility. However, most research on fertility and happiness uses cross-sectional data, hindering causal conclusions. We study trajectories of parental happiness before and...

Understanding how having children influences the parents' subjective well-being ("happiness") has great potential to explain fertility behavior. We study parental happiness trajectories before and after the birth of a child using large British and German longitudinal data sets. We account for...