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

Print publication date: 2007

Print ISBN-13: 9780199226146

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199226146.001.0001

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A Generalized Approach to Subjective Inequalities

A Generalized Approach to Subjective Inequalities

Chapter:
(p.284) 14 A Generalized Approach to Subjective Inequalities
Source:
Happiness Quantified
Author(s):

Bernard Van Praag

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199226146.003.0014

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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