This paper examines the impact of household income and women's wages, as well as subjective well-being in terms of life satisfaction and health status, on fertility in Russia. The results show that while higher household income increases fertility, women's wages work in the direction of abstaining from childbearing, and higher indicators of life satisfaction significantly increase the likelihood of having a baby. Previous studies on fertility in Russia found no effect of household income, suggesting that this may have been a phenomenon specific to the early 1990s regime change.
