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Suffer the little children: Measuring the effects of parenthood on well-being worldwide

  • Stanca, Luca

This paper investigates the relationship between parenthood and well-being in a large sample of individuals from 94 countries worldwide. We find that having children is negatively related to well-being. Conditioning on economic and socio-demographic characteristics can only partially help to explain this finding. We show that the negative effect of parenthood on well-being is explained by a large adverse impact on financial satisfaction, that dominates the positive impact on non-financial satisfaction. The results are robust to the use of alternative empirical specifications and to the inclusion of the reported ideal number of children as a proxy variable to account for the endogeneity of parenthood decisions.

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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 81 (2012)
Issue (Month): 3 ()
Pages: 742-750

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Handle: RePEc:eee:jeborg:v:81:y:2012:i:3:p:742-750
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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