This paper examines the impact of subjective well-being on fertility intentions among European baby bust generation, contrasting this relationship from a gender perspective during the recent economic recession period (2007-2009). In line with our previous analyses, in this paper, gender specific fertility intentions are further studied taking into account of individual subjective well-being, gender role attitudes, and country economic measures. Use is made of European Social Survey data for both men and women aged 20-39 among the baby bust generation in 27 European countries in Round 5 (2010) module of family, work and well-being. We apply bivariate statistical tests between fertility intentions and subjective well-being measures by gender, and multi-level models to estimate individual and country level effects on fertility intentions. Our previous analyses indicated the overall well-being effects on higher fertility intentions, however, gender differentials and country effects (e.g. Human Development Index & Gender Inequality Index) were more observed when old aged and higher parity. We expect that higher income and education, higher subjective well-being levels and egalitarian gender attitudes have higher intended fertility at the individual level. Further, we expect distinguished gender and life course specific country effects when GDP growth and unemployment rates are modelled. In other words, we anticipate country effects of economic change resulting into changes in individual attributes and effects on fertility intentions. Building on previous analysis, use of country economic performance data prior to 2010, provides evidence on effects of economic changes on fertility intentions, and identifies its differentials across individual socio-economic backgrounds.