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Children, Unhappiness and Family Finances: Evidence from One Million Europeans

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  • David G. Blanchflower
  • Andrew E. Clark

Abstract

The common finding of a zero or negative correlation between the presence of children and parental well-being continues to generate research interest. We here consider over one million observations on Europeans from ten years of Eurobarometer surveys, and in the first instance replicate this negative finding, both in the overall data and then for most different marital statuses. Children are expensive, and controlling for financial difficulties turns almost all of our estimated child coefficients positive. We argue that financial difficulties explain the pattern of existing results by parental education and income, and country income and social support. Marital status matters. Kids do not raise happiness for singles, the divorced, separated or widowed. Last, we underline that all children are not the same, with step-children commonly having a more negative correlation than children from the current relationship.

Suggested Citation

  • David G. Blanchflower & Andrew E. Clark, 2019. "Children, Unhappiness and Family Finances: Evidence from One Million Europeans," NBER Working Papers 25597, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:25597
    Note: CH LS
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Children, Unhappiness and Family Finances: Evidence from One Million Europeans
      by maximorossi in NEP-LTV blog on 2019-03-27 14:34:27

    More about this item

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth

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