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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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The Aggregation Of Satisfactions: General Satisfaction As An Aggregate

The Aggregation Of Satisfactions: General Satisfaction As An Aggregate

(p.77) 4 The Aggregation Of Satisfactions: General Satisfaction As An Aggregate
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter focuses on the development of the satisfaction aggregation model. Satisfaction with life as a whole or general satisfaction is analysed as a weighted aggregate of the domain satisfactions. It is shown that various domain levels can be distinguished, leading to a two- or three-layer model. The model is applied to job satisfaction for the British data set; the job is broken down into sub-domains such as salary, safety, permanence, etc. The employee then evaluates his/her job based on these. It is argued that various satisfactions can be dealt with as observed numerical variables, which can be used in econometric one- and multiple-equation(s) models.

Keywords:   general satisfaction, domain satisfaction, satisfaction aggregation model, job satisfaction, weighted aggregate

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