Chapter

The Aggregation Of Satisfactions: General Satisfaction As An Aggregate

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/10.1093/0198286546.003.0004
 The Aggregation Of Satisfactions: General Satisfaction As An Aggregate

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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

Chapter.  6435 words.  Illustrated.

Subjects: Microeconomics

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