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....

Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner’s personality, hours of work,...