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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2004

Print ISBN-13: 9780198286547

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0198286546.001.0001

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A Generalized Approach to Subjective Inequalities

A Generalized Approach to Subjective Inequalities

(p.281) 14 A Generalized Approach to Subjective Inequalities
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter applies the subjective income inequality concept developed in Chapter 13 to analyse inequality in domains of life other than finance such as health, job, marriage, etc. It is shown that if satisfaction vector inequality is defined as a variance-covariance matrix of a vector of individual satisfactions, those satisfaction dimensions are highly correlated. The inequality of satisfaction with life as a whole can be defined as an aggregate of several domain satisfactions, which is a more important index to evaluating the distribution of well-being in a population than inequality with respect to one domain.

Keywords:   subjective income inequality, satisfaction inequality, domain satisfactions, general satisfaction, individual satisfaction

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