Identity research focuses on multiple processes capturing how adolescents form and maintain a sense of self. However, identity content (the "what" of identity) might impact associations between identity and the association with well-being. We examined this potential role of content (i.e., valence and life domain) in two studies, focusing on autobiographical reasoning in written narratives (i.e., self-event connections), educational identity commitment and exploration processes, and measures of general and domain-specific functioning. Study 1 (N = 180, M[subscript age] = 14.7) and Study 2 (N = 160, M[subscript age] = 13.1) provided little evidence for the hypothesized role of identity content, but moderation analyses in Study 1 showed that self-event connections were more strongly related to life satisfaction in narratives about relational events than other events. These findings suggest a more fine-grained approach is needed to capture the role of identity content.