Not an expert on Schwartz space, but here are some pointers following definitions on Wiki. It reads, a function's in Schwartz space if
- A. all of its derivatives exist everywhere in $\mathbb R$ (are continuously
differentiable)
- B. go to zero as $x \rightarrow \pm \infty$ faster than $1/x^p$, where $p$ is real
and gives an example satisfying these:
$$
x^\alpha e^{-a|x|^2} \tag{1}
$$
where $a > 0$ and is real.
Practical
All CWT wavelets I've seen decay as fast or faster than $(1)$ (satisfy B), and some satisfy A:
- A, B: Morlet, Complex Mexican Hat
- B: Bump, Generalized Morse Wavelets
B is a natural criterion since we desire good time-frequency localization, which requires strong decay in both time and frequency domains. Despite their usefulness, strictly analytic wavelets like Generalized Morse, while satisfying B, don't satisfy A per forced discontinuity at $\omega = 0$.
General
Following Wavelet Tour, ch4, a wavelet is a function with zero mean. A function that satisfies the admissibility criterion,
$$
C_\psi = \int_0^{+\infty}\frac{|\hat\psi(\omega)|^2}{\omega} d\omega < +\infty \tag{2}
$$
is necessarily zero-mean (and is hence a wavelet), and additionally, is continuously differentiable, which follows from it having sufficient time decay:
$$
\int_{-\infty}^{+\infty}(1 + |t|)|\psi(t)|dt < \infty \tag{3}
$$
As far as I can tell, this satisfies A partialy, because "continuously differentiable != all derivatives are continuously differentiable", also B at least partially, because I don't know if $(3)$ implies B. So not all wavelets, nor all admissible wavelets, are in Schwartz space, but latter are at least somewhat close to.