This paper is an analysis of the subjective well-being of women relative to men in low-income urban households in India. Education and employment are pathways to greater financial well-being which is presumably of great salience to poor populations. However, either or both of these may increase aspirations. The social norms that restrict the autonomy of women may mute the impact of education and employment in a way that does not happen to men. To address this hypothesis, the paper uses primary data from a survey of over 1000 respondents across slums in Delhi. The paper finds that education and employment does reduce the well-being of women relative to men. We show that these gender varying correlations are robust to omitted variables bias.
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