1 November 2016 THE STRESS COST OF CHILDREN ON MOMS AND DADS Hielke Buddelmeyer Melbourne Institute of Applied Economic and Social Research, (Level 5, FBE Building, 111 Barry St), University of Melbourne, Victoria 3010, Australia. Daniel S. Hamermesh Department of Economics, Royal Holloway University of London, Egham, Surrey TW20 0EX, United Kingdom. Mark Wooden Melbourne Institute of Applied Economic and Social Research, (Level 5, FBE Building, 111 Barry St), University of Melbourne, Victoria 3010, Australia. Corresponding author: Daniel S. Hamermesh. Email: hamermes@austin.utexas.edu Acknowledgements This study uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey and German Socio-Economic Panel (SOEP). The HILDA Survey project was initiated and is funded by the Australian Government Department of Social Services and is managed by the Melbourne Institute of Applied Economic and Social Research (at the University of Melbourne). The German data used in this publication are from the German Socio-Economic Panel Study (SOEP) and were made available to us by the German Institute for Economic Research (DIW), Berlin. We thank Michael Burda, Luise Goerges, Matthias Krapf, Thomas Wiseman, participants in seminars at a number of universities and conferences, and two anonymous referees for helpful comments.