In this paper we attempt to explain individual, ordinally comparable,satisfaction levels. We postulate a simultaneous equation model where general satisfaction isexplained by exogenous shock and level variables, and by the values of the satisfactionswith respect to six distinct endogenous...

This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the...

In this paper we review five different methods used to determine the welfareeffects of policy changes: hedonic price analysis, contingent valuation, conjoint measurement, the Income Evaluation Approach, and the Cantril approach. In the first three approaches, an attempt is made to discover the...