期刊
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
卷 81, 期 3, 页码 742-750出版社
ELSEVIER
DOI: 10.1016/j.jebo.2010.12.019
关键词
Well-being; Fertility; Children; Decision-making
类别
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. (C) 2011 Elsevier B.V. All rights reserved.
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