So... Has anyone considered that mentoring could possibly be an alternative to having children? In terms of overall psychological well-being? The studies do show that having children is inversely related to happiness, but many people choose to have children anyways since they get a different sort of satisfaction from having children.
But with mentors, they can get many of the benefits and few of the costs (plus, they'll know unambiguously that they've helped someone - with parenting, it's different). And the people they mentor are most likely more compatible with them than the children that they'll most likely have (it's selection bias for compatibility, basically)
That being said, maybe there is something psychological missing out from all this. I was never brought up in a loving or close family (asian parents), so I don't really see any benefits to having a family (incidentally, this might be one huge reason why the fertility rate in places like Taiwan/Japan/South Korea are now among the lowest rates in the world - see http://en.wikipedia.org/wiki/List_of_countries_and_territories_by_fertility_rate#The_CIA_TFR_Ranking ).
I haven't seen the relevant studies, so I don't know if this has already been accounted for, but it strikes me that since most people do have children at some point, there are probably some distinct psychological differences on average between people who do and don't have children.
It's like the studies that show that people who occasionally drink alcohol in moderation tend to live longer than those who don't drink at all; one might conclude that moderate alcohol consumption is healthy, but since adults who don't drink alcohol at all are exceptional, you'd want to look for other relevant ways non-drinkers tend to deviate from the norm.