According to the NKJV, Luke 2 reads "Glory to God in the highest and on earth peace, goodwill towards men!" Other translations indicate a different reading.
According to NKJV, Luke 2:14 reads "Glory to God in the highest, and on earth peace, goodwill toward men!" However, other versions give a different reading. ESV reads, "Glory to God in the highest, and on earth peace among those with whom he is pleased." And NIV reads, ""Glory to God in the highest heaven, and on earth peace to those on whom his favor rests."
John MacArthur's commentary states, "The Greek word for goodwill...refers to God's sovereign good pleasure. So a better rendering here might be 'peace toward men on whom God's sovereign pleasure rests.' God's peace is not a reward for those who have good will, but a gracious gift to those who are the objects of His good will."
However, Matthew Henry seems to believe that the good will is for the whole word. He states: "Angels were heralds of the new-born Saviour, but they were only sent to some poor, humble, pious, industrious shepherds, who were in the business of their calling, keeping watch over their flock. We are not out of the way of Divine visits, when we are employed in an honest calling, and abide with God in it. Let God have the honour of this work; Glory to God in the highest. God's good-will to men, manifested in sending the Messiah, redounds to his praise. ...
The expert examines if Jesus brings peace on earth. What was it that the angels declared is determined.