Jump to ContentJump to Main Navigation
Happiness QuantifiedA Satisfaction Calculus Approach$
Users without a subscription are not able to see the full content.

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

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 07 December 2019

Subjective Income Inequalities

Subjective Income Inequalities

Chapter:
(p.263) 13 Subjective Income Inequalities
Source:
Happiness Quantified
Author(s):

Bernard Van Praag

Publisher:
Oxford University Press
DOI:10.1093/0198286546.003.0013

This chapter presents a concept of subjective income inequality based on an extension of the objective income concept. Income satisfaction inequality differs from established measures of inequality using individual perceptions as the basis for making incomes comparable. Traditional measures of inequality introduce subjectivism via intuition by for instance, imposing family equivalence scales or by introspection in choosing concrete welfare function specification. The introduction of income satisfaction does not imply that the objective measurement should be replaced by subjective concepts, but only that each measure has a different role to play.

Keywords:   income satisfaction, income inequality, individual-welfare function, subjectivism, objective income

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .