This article proposes a new measure for inequality of subjective well-being and shows the empirical results using a Bayesian ordered probit model. We introduce a new concept called “regret” as a measure for inequality of subjective well-being. Regret is the probability with which a...

type="main" <p>In this article, we use microlevel data extracted from the 2006 Japanese General Social Surveys to analyze the relationships between self-assessed social position and socioeconomic factors such as income and poverty. We provide the posterior results of the estimation of the Bayesian...</p>

The objective of this article is to propose a Bayesian method for estimating a system of Engel functions using survey data that include zero expenditures. We deal explicitly with the problem of zero expenditures in the model and estimate a system of Engel functions that satisfy the adding-up...