Empirical analyses on the determinants of life satisfaction often include the impact of the number of children variable … analysis on the German Socioeconomic Panel we show that, when introducing household income without correction for the number of … members, the pecuniary effect prevails and the sign is negative while, when we equivalise income with the most commonly …

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over … from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008 …/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In …