There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness from parents to children is partly due to transmission of...

Overall, children in Germany live in households with below average incomes; therefore social policies that address the vulnerable position of Germany’s children are necessary. These policies should cover targeted financial transfers as well as improvements in day care provision for children....