Chapter

The Aggregation of Satisfactions: General Satisfaction as an Aggregate

Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199226146.003.0004
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 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 sub-domain satisfactions. It is argued that various satisfactions can be dealt with as observable numerical variables, which can be analysed by traditional econometric one- and multiple-equation(s) models.

Keywords: general satisfaction; life satisfaction; domain satisfaction; satisfaction aggregation model; job satisfaction

Chapter.  6780 words.  Illustrated.

Subjects: Economics

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