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The aim of this paper is to analyze the evolution of well-being changes due to, on one side, the changes in the weighting scheme and, on the other, changes in the indicators along the time. An alternative methodology is proposed in this paper that allows one to decompose a multidimensional index...
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We develop a theoretical model that jointly explains optimal choices and happiness. We work with constant elasticity of … substitution functions for utility and happiness. Employing a choice framework, individuals are confronted with two options. When … there exists a trade-off, we determine parametric conditions for which individual happiness and utility coincide as well as …
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The paper analyzes the satisfaction regarding the financial situation in Romania compared to the rest of the member countries of the European Union. The work analyzed indicators that express the material well-being of a society such as: GDP and Median Income, but also satisfaction regarding the...
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