Chapter

The Analysis Of Income Satisfaction With An Application To Family Equivalence Scales

Bernard Van Praag

in Happiness Quantified

Published in print April 2004 | ISBN: 9780198286547
Published online January 2005 | e-ISBN: 9780191718601 | DOI: http://dx.doi.org/10.1093/0198286546.003.0002
 The Analysis Of Income Satisfaction With An Application To Family Equivalence Scales

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This chapter examines income satisfaction based on empirical results derived from German and British data. It is shown that the results derived from the financial-satisfaction question and those from the income-evaluation question developed by Van Praag and Kapteyn are nearly identical. These results are used to define family equivalence scales. The preference-drift phenomenon is also discussed.

Keywords: income satisfaction; family equivalence scales; financial satisfaction question; income evaluation question; preference-drift phenomenon

Chapter.  12402 words.  Illustrated.

Subjects: Microeconomics

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